Employees Provident Fund Organization
Despite the Kovid-19 epidemic, EPFO added about 53.70 lakh account holders during the first three quarters of the current financial year.
- Last Updated:February 20, 2021 at 8:22 PM IS
New registrations in EPFO up 24 percent in December
These data reveal the employment situation in the formal sector among the Kovid-19 epidemic. The Labor Ministry said in a statement that according to the provisional salary figures of EPFO, 12.54 lakh account holders grew on a net basis in December 2020, which is a positive sign.
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The statement said that on a year-on-year basis, the salary figures showed a 24 per cent increase in December. This figure of growth in account holders is similar to the pre-Kovid level. This increase is 44 percent higher than in November 2020. According to the data, EPFO added about 53.70 lakh account holders during the first three quarters of the current financial year despite the Kovid-19 epidemic.
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EPFO can declare interest rate on March 4
It is important to note that EPFO can announce the interest rate on provident fund deposits for the financial year 2020-21 on March 4. On March 4, the EPFO Central Board of Trustees has a meeting in Srinagar. In this meeting, the proposal to announce the interest rate for 2020-21 is likely to be decided.