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EPFO adds over a million new subscribers in June for 3rd month in a row

New EPF subscribers increased marginally to 10,54,261 in June from 10,07,441 in May 2022 and 10,09,689 in April, according to data published by the National Statistical Office

EPFO, PF, Provident fund, savings
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The number of subscribers that exited the EPF scheme in June sharply declined to 393885 from 753091 in May.

Shiva Rajora New Delhi
More than a million people have joined the formal workforce for the third consecutive month in June, according to the fresh payroll data released by the Employees’ Provident Fund Organisation (EPFO) on Thursday.

New EPF subscribers increased marginally to 1,054,261 in June from 1,007,441 in May 2022 and 1,009,689 in April, according to data published by the National Statistical Office (NSO). In the June quarter, while 2.27 million new subscribers are men, 0.8 million are women.

Of the new EPF subscriber additions in June, 598,941 are in the 18-25 age group, considered crucial as they are seen as first timers in the

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First Published: Aug 26 2022 | 6:02 AM IST

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