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Retirement fund body EPFO added 21.04 lakh net members during July 2025, registering an increase of 5.55 per cent year-on-year, according to the latest payroll data released on Tuesday. The Employees' Provident Fund Organization (EPFO) enrolled around 9.79 lakh new subscribers in July 2025, mainly on account of growing employment opportunities, increasing awareness of employee benefits, and EPFO's successful outreach programs, a labour ministry statement said. The year-on-year analysis reveals a growth of 5.55 per cent in net payroll additions compared to July 2024, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO's effective outreach initiatives, the statement added. EPFO added 5.98 lakh new subscribers in the 18-25 age group, constituting a significant 61.06 per cent of the total new subscribers added in July 2025. Further, the net payroll addition for the 18-25 age group for July 2025 was approximately 9.13 lakh, ...
Retirement fund body EPFO added 19.14 lakh members on a net basis in April 2025, according to the payroll data released by the Labour Ministry on Sunday. This figure depicts a significant increase of 31.31 per cent over March 2025 and 1.17 per cent growth over April 2024, the ministry said in a statement. The Employees' Provident Fund Organization (EPFO) enrolled around 8.49 lakh new subscribers in April 2025, representing a 12.49 per cent increase over March 2025. This increase in new subscribers can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO's successful outreach programmes, it stated. According to the data, a noticeable aspect is the dominance of the 18-25 age group. EPFO added 4.89 lakh new subscribers in the 18-25 age group, constituting a significant 57.67 per cent of the total new subscribers added in April 2025. New subscribers in the 18-25 age group added in the month show an increase of 10.05 per cent compared t
Retirement fund body EPFO added 14.58 lakh net members during March 2025, registering an on-year increase of 1.15 per cent, according to the latest payroll data released on Wednesday. The Employees' Provident Fund Organization (EPFO) enrolled around 7.54 lakh new subscribers in March 2025, representing a 2.03 per cent increase over February 2025 and 0.98 per cent year-on-year growth compared to March 2024, a labour ministry statement said. EPFO has released provisional payroll data for March 2025, revealing a net addition of 14.58 lakh members. The year-on-year analysis reveals an increase of 1.15 per cent in net payroll additions compared to March 2024, the statement said. This growth in new subscribers can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO's successful outreach programs, it stated. As per the report, 4.45 lakh new subscribers were added in the 18-25 age group, constituting a significant 58.94 per cent of the tot
Retirement fund body EPFO has added 14.63 lakh net members in November 2024, a growth of 4.88 per cent over the same month last year, according to the latest payroll data. The growth in net member additions signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO's effective outreach initiatives, a labour ministry statement said. On a monthly basis, net member additions rose by 9.07 per cent over October 2024, the ministry said. The EPFO enrolled around 8.74 lakh new members in November 2024, up by 18.80 per cent over the year-ago month and a 16.58 per cent rise against October 2024, the provisional data showed. The ministry said a noticeable aspect of the data is the dominance of the 18-25 age group, with 4.81 lakh new members added in this age group constituting a significant 54.97 per cent of the total new members added in November 2024. Net member additions in the age group of 18-25 years are approximately 5.86 lakh for Nove
Retirement fund body EPFO's gross new subscribers addition declined by over 4 per cent to 1.09 crore in 2023-24 compared to a year ago, as per a report by Ministry of Statistics & Programme Implementation (MoSPI). According to the report 'Payroll Reporting in India: An Employment Perspective January to April, 2024', the Employees' Provident Fund Organisation (EPFO) recorded 1,09,93,119 gross addition of new members in 2023-24 compared to 1,14,98,453 in 2022-23. The gross addition of new members was affected due to the pandemic and declined from 1,10,40,683 in 2019-20 to 85,48,898 in 2020-21. It bounced back to 1,08,65,063 in 2021-22. The Centre as well as states had imposed lockdown restriction in 2020 and 2021 to curb the spread of deadly coronavirus in the country, which had hit economic activities as well as employment. The data shows that in the last five fiscal years till 2023-24, the gross new members addition by EFPO had not recovered to pre-covid level of 2018-19. The ...