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Economy

More than 6.1 lakh new members registered under EPF in March

Updated : May 22, 2018 11:55 AM IST

The Employees' Provident Fund registration data for March is out and it shows fresh addition of more than 6.1 lakh.

Soumya Kanti Ghosh, group chief economic advisor, State Bank of India said the data shows that the number of registrations have increased to the tune of 50,000-55,000 per month. "manufacturing states like Maharashtra, Tamil Nadu, and Karnataka are doing well," he said.

The data is released based on how many new people have registered in the NPS, the pension scheme and how many in Employees' State Insurance Corporation (ESIC).

 
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