Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 6.55 lakh in June this year. 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. The net new enrolments with the EPFO hover around 7 lakh every month on an average. The EPFO has been releasing the payroll data of new subscribers since April 2018, covering the period starting from September 2017. The EPFO said the payroll data is provisional as updation of employees' records is a continuous process and gets updated in subsequent months.

Source: Mint September 20, 2020 15:00 UTC