EPFO adds 13.41 lakh net members in October
The Hindu
EPFO's outreach efforts lead to 13.41 lakh new members in October 2024, with a focus on youth and female inclusion.
Retirement fund body EPFO has registered 13.41 lakh net new members addition in October 2024, according to showed latest payroll data.
This signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives, a labour ministry statement said on Wednesday.
According to the statement, the Employees' Provident Fund Organisation (EPFO) has released provisional payroll data for October 2024, revealing a net addition of 13.41 lakh members.
As per the data, EPFO enrolled around 7.50 lakh new members in October 2024.
This addition in new memberships can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO's successful outreach programmes, the ministry stated.
A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 58.49 per cent of the total new members added in October 2024.
The net payroll data for the age group 18-25 for October 2024 is 5.43 lakhs.
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