Improvement in employment conditions as indicated by these figures of EPFO

The employment situation in the country is improving. This is indicated by the latest payroll data from the Employee Futures Fund Organization (EPFO). According to the Labor Ministry, 12.83 lakh members joined the Net in June. At the same time, the number of members increased by 5.09 lakh in June compared to May.

8.11 lakhs for the first time: Of the total total of 12.83 lakh net subscribers added in June, about 8.11 lakh people have come under Social Security for the first time, the Employees Provident Fund Scheme. During the month, about 4.73 lakh net subscribers quit EPFO ​​by switching jobs at EPFO-wide organizations, but re-joined EPFO.

This shows that most members opt to pursue their membership with the EPFO ​​by transferring funds from a previous job to the current PF account rather than applying for a final withdrawal of their PF.

Deep Industries: Waiting for just 6 months, here it has become Rs 3.65 lakh

Explain that the EPFO ​​is the country’s leading agency responsible for providing social security benefits to employees of the organized / semi-integrated sector under the EPFO ​​and MP Act, 1952.

Disclaimer: The above information is for general informational purposes only. We are not uploading or coping any content without relevant content owner permission, All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.