In the past two years, 27 companies have surrendered their EPFO exemptions, contributing ₹1688.82 crore and 30,000 employees to the provident fund. This trend is attributed to EPFO’s improved services, including faster claims processing, higher settlement rates, and a robust monitoring system, making it a more attractive option for businesses. The government is also implementing a new software and portal to simplify the exemption surrender process.