Temporary delay due to pension manager revamping its system; view your passbook via UAN or UMANG
Suggests differentiated investment strategies, market-linked accounting
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, ...
EPFO has introduced Passbook Lite to let members view contributions, withdrawals and balance in one place, alongside reforms to ease PF transfers and speed up settlements
While the absolute increase in formal-sector employment looks encouraging, the additions are not on a scale that would make any significant change in overall employment conditions
EPFO's cadre restructuring panel to meet unions to discuss staff shortages, workload, and career progression; IIT Delhi report on tech-led reforms due by December
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
The EPFO data is considered crucial as it reflects the state of the formal labour market, and only the formal workforce enjoys social security benefits and is protected by labour laws
The EPF is a crucial retirement savings scheme for salaried employees in India.
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
PMS assets excluding EPFO and similar entities have grown 116% since FY1
CBT meeting on Saturday may take a call on reinvesting 50% of its ETF redemption proceeds in equity
EPFO data also showed that share in the 18-25 age group also declined slightly
The labour ministry is expediting discussions with various stakeholders about employment-linked incentive (ELI) schemes
Companies oppose the requirement for employers to refund subsidies if employees leave within 12 months
Around 59.14% of new members in June 2024 were aged 18-25, reflecting an ongoing trend where the majority of individuals entering the organised workforce are young, mostly first-time job seekers
The data is signalling a slowdown in the formal labour market
EPFO data says women subscribers also rose after falling last year
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 ...