EPFO records 10.05 lakh new enrolments in August
Net new enrolments with retirement fund body EPFO rose to 10.05 lakh in August from 7.48 lakh in July 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the coronavirus pandemic. Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 8.45 lakh in July this year. The figure has now been revised down to 7.48 lakh . 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.