EPFO released 12.54 lakh new jobs in December

Employees Provident Fund Organization

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.

  • News18No
  • Last Updated:February 20, 2021 at 8:22 PM IS

New Delhi. Employee Provident Fund Organization or EPFO ​​(Employees’ Provident Fund Organization) has informed about the new registration in the month of December. According to the data released by the EPFO ​​on Saturday, the number of net new registrations with it increased by 24 percent to 12.54 lakh in December.

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.



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