 "EPFO, PF, Provident fund, savings")
Net new enrolments with retirement fund body EPFO rose to 655,000 in June from 172,000 during May 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the Covid-19 crisis.
Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 318,000 in May this year. The figure has now been revised to 1,72,174.
The net new enrolments with the Employees' Provident Fund Organisation (EPFO) had dropped to 572,000 in March 2020 from 1.02 million in February, as per the payroll data released in May.
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