EPFO added 13.95 lakh members in November
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The Labor Ministry said in a statement that the total net increase in members in the current financial year remains higher than in the previous financial year. According to EPFO’s provisional payroll data, the body added a net 13.95 lakh members in November.
New Delhi. EPFO, the body that manages the retirement fund, released the latest payroll figures on Saturday and said that it added a net of 13.95 lakh members in November 2023. The Labor Ministry said in a statement that the total net increase in members in the current financial year remains higher than in the previous financial year. According to the provisional payroll data of EPFO (Employees’ Provident Fund Organisation), the body added a net 13.95 lakh members in November.
The data shows that around 7.36 lakh new members were enrolled during the month under review. Of the total new members added during this period, the share of 18-25 age group is 57.30 percent. This shows that most of the members joining the organized sector workforce of the country are youth. According to the data, in the month under review, about 10.67 lakh members who had gone out of EPFO schemes came back.
According to the statement, out of the 7.36 lakh new members added, about 1.94 lakh are women members, who have joined EPFO for the first time. A total of 2.80 lakh women joined EPFO schemes in the month under review. Maximum members joined from Maharashtra, Tamil Nadu, Karnataka, Haryana and Delhi. Maharashtra led the way with 21.60 percent net member growth.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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