EPFO adds 18.53 lakh net members in Aug, up 9% YoY
The ministry highlighted that 9.3 lakh new members were enrolled in August 2024
The ministry highlighted that 9.3 lakh new members were enrolled in August 2024
Out of the 10.52 lakh new EPFO subscribers in July, 59.41% (6,24,993) were in the 18-25 age group
The data reveals that around 887,000 new members enrolled in April 2024, with 55.50% of these new members being in the 18-25 age group.
The data also shows that about 11.8 lakh members exited and then rejoined EPFO, often due to job changes.
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In November, approximately 7.86 lakh new members were added to the EPFO, witnessing a 10% month-on-month decline as against 8.16 lakh new members in October, the data reveals.
Of 8.92 lakh new members added in the period, around 2.26 lakh are females
Majority of new members joining EPFO are in the age group of 18-25 years, constituting 58.45% of total new members' additions during the month
The Employees' Provident Fund Organisation (EPFO) added 17.89 lakh net members in June