New Delhi: Despite the second wave of Covid-19 pandemic, there was an increase of 13.73 per cent net subscribers during April as compared to the previous month during which around 11.22 lakh net subscribers were added to the payroll.
Data reflects that the number of exits in the April have declined by 87,821 and rejoining has increased by 92,864 subscribers as compared to March this year.
“Of the 12.76 lakh net subscribers added during the month, around 6.89 lakh new members have come into the social security coverage of EPFO for the first time. Around 5.86 lakh net subscribers exited and then rejoined EPFO by changing their jobs within the establishments covered by EPFO and choose to retain membership through transfer of funds rather than opting for final settlement,” a Labour and Employment Ministry statement said.
Age-wise comparison of payroll data shows that the age group of 22-25 years has registered highest number of net enrollments with around 3.27 lakh additions during the month. This is followed by age-group of 29-35 with around 2.72 lakh net enrollments.