New Delhi: The EPFO added 15.32 lakh net subscribers in March. Month-on-month comparison of payroll data shows an increase of 2.47 lakh net subscribers in March this year, said the Ministry of Labour and Employment in a statement. Of the total 15.32 lakh net subscribers added during the month, around 9.68 lakh new members have been covered under the provisions of EPF and MP Act, 1952 for the first time.

The new member addition has increased by 81,327 in the month of March, 2022 as compared with previous monthThe new member addition has increased by 81,327 in the month of March, 2022 as compared with previous month. Approximately 5.64 lakh net subscribers exited but re-joined the establishments covered under EPFO by transferring their funds from previous PF account to the current PF account, instead of opting for final withdrawal. 

Age-wise comparison of payroll data indicates that the age-group of 22-25 years has been on the forefront by registering the highest number of net enrolments with 4.11 lakh additions during March, 2022. This is followed by the age-group of 29-35 with addition of 3.17 lakh net subscribers. The age-group of 18-21 years also added around 2.93 lakh net subscribers during the month. The age-group of 18-25 years constitutes around 45.96 per cent net subscribers addition during the month.

The state-wise comparison of payroll figures highlights that the establishments covered in the states of Maharashtra, Karnataka, Tamil Nadu, Gujarat, Haryana and Delhi to remain in lead by adding approximately 10.14 lakh net subscribers during the month, which is 66.18 per cent of total net payroll addition across all age groups.

The gender-wise analysis indicates that net female payroll addition is approximately 3.48 lakh during the month. The share of female enrolment is 22.70 per cent of total net subscriber addition during the month of March-22 with an increase of 65,224 net enrolments over the previous month of February-22. /BI/