The provisional payroll of EPFO revealed that it has added around 10.11 lakh net subscribers in the month of November, 2020. Despite the Covid-19 pandemic, EPFO has added around 45.29 lakh net subscribers base in the current financial year (from April to November, 2020). The data published comprises of members who have joined during the month and whose contribution has been received.
In the month of November, 2020, around 6.41 lakh new members have joined EPFO. Roughly 3.70 lakh net members exited and then rejoined EPFO, indicating switching of jobs by subscribers within the establishments covered by EPFO and subscribers choosing to retain their membership by transferring of funds rather than opting for final settlement. Exited members rejoining also indicate that workers are returning to their jobs with decline in active Covid-19 cases in India.
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