EPFO Data

Surprisingly, the number of new male subscribers fell more (14.9 per cent) than female (12.9 per cent) in December

The number of new monthly subscribers under the Employees' Provident Fund (EPF) scheme increased to 899,332 in November from 768,643 in October

The 46.34 million contribu­ting members in 2021-22 is much lower than the 48.92 mill­ion contributing members seen in the pre-pandemic year of 2019-20

A higher number of jobs were created in the second quarter of FY23, as compared to the first quarter: EPFO data

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At present, EPFO is allowed to invest between 5-15 per cent of its investible deposits in equity instruments irrespective of the age or risk profile of its members

Union Labour Minister Bhupender Yadav on Tuesday said retirement fund body EPFO's coverage will be expanded to 10 crore subscribers from the existing level of 6.5 crore. At a function to mark the 70th foundation day of the Employees Provident Fund Organization (EPFO), Yadav said, "EPFO social security schemes ambit will be expanded. It will be increased from 6.5 crore subscribers to 10 crore." He also launched the EPFO Vision 2047 document. According to him, it is the biggest responsibility of the EPFO to reduce its litigations and increase the coverage. "We have subsumed 29 labour laws into four broad codes. These codes provide for expansion of social security schemes, including EPFO," the minister said.

Any EPF pensioner can get the PPO number using either the bank account number or PF number

India's post-pandemic recovery appears to be shaping up like the letter K. In a three-part series, Business Standard illustrates how the K-shaped recovery is widening the inequality among states

Though fresh additions slip sequentially in July, women enrolment at a record high

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

The current EPF interest rate is 8.1%

In March 2020, EPFO had lowered interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent provided for 2018-19.

There was net addition to the EPF subscription at 6.48 million in the first half of the current fiscal year, which is higher than the 6.11 million in the entire FY19

The numbers - also called net payroll data - were higher in each of the first four months of the current financial year than the average monthly figure of previous years

EPFO releases data for employee exits in formal sector

The net enrolments with the Employees' Provident Fund Organisation (EPFO) had dropped to 5.72 lakh in March 2020 from 10.21 lakh in February, according to the payroll data released in May

If only new payroll members are accounted for, there is still some way to go for getting back to pre-covid

The government had imposed lockdown from March 25 to fight Covid-19 in the country.