Retirement fund body EPFO has asked its field officers to initiate steps to increase number of contributing subscribers following drop in numbers at several regional offices.
According to the Employees’ Provident Fund Organisation (EPFO) data, 31 offices have reported subscribers base erosion by over 10 per cent in September as compared to that of July month this year.
The EPFO data indicates that the number of contributing members decreased from 4.62 crore in July to 4.38 crore in September this year.
The Behrampur regional offices reported maximum drop of 35.8 per cent to 99,468 contributing members in September from 1,54,985 in July month this year. Similarly, Bhagalpur reported a drop of 31.6 per cent followed by Akola (25.7%), Warangal (23.5%), Keonjhar (20.8%) and Gulbarga (20.3%).