EPFO added 8.74 lakh new members in November

Workers Provident Fund Organisation. File Photograph: Supreet Sapkal

The Workers’ Provident Fund Organisation enrolled round 8.74 lakh new members in November 2024, registering an 18.8% rise from the determine recorded within the corresponding interval in 2023, the Union Labour Ministry mentioned on Wednesday (January 22, 2025).

On a month-to-month foundation, new members rose by 16.58% over October 2024.

“This surge in new memberships may be attributed to rising employment alternatives, elevated consciousness of worker advantages, and EPFO’s profitable outreach programmes,” the Ministry claimed in a launch.

The online addition of members was 14.63 lakh, which is a rise of 9.07% in contrast with October 2024 and 4.88% in contrast with November 2023.

The Ministry mentioned a noticeable facet of the payroll knowledge for November 2024 was the dominance of younger new members (18-25 age group). The EPFO added 4.81 lakh new members within the 18-25 age group constituting 54.97% of the overall new members added in November 2024. “New members added within the month from 18-25 age group exhibits a rise of 9.56% in contrast with earlier month of October 2024 and a development of 13.99% from the earlier yr in November 2023,” the Ministry mentioned.

Roughly 14.39 lakh members exited and subsequently rejoined the EPFO. “This determine represents 11.47% enhance in comparison with the earlier month of October 2024. It additionally depicts a major year-over-year development of 34.75% in comparison with November 2023,” the Ministry mentioned.

Of the brand new members added, round 2.4 lakh have been ladies. “The comparability with the earlier month of October 2024 exhibits a rise of 14.94%. This determine additionally reveals vital year-over-year development of 23.62% in comparison with November 2023. Additionally, the online feminine member addition throughout the month stood at round 3.13 lakh reflecting a rise of roughly 12.16% in comparison with the earlier month of October 2024,” the Ministry mentioned.

Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat, Delhi, Telangana, and Uttar Pradesh individually added greater than 5% of the overall web members throughout the month.