The Employees’ Provident Fund Organisation (EPFO) has added 16.26 lakh net members in the month of November 2022, as per the latest data, which indicates an increase of 25.67% in net additions compared to the previous month.
Year-on-year comparison of payroll data reflects an increase of 16.50% in net membership addition in November 2022.
Out of the total additions, around 8.99 lakh new members joined EPFO for the first time thus, showing that new members joining EPFO has increased by 1.71 lakh from 7.28 lakh in October 2022.
Among the new members, highest enrolment is registered in the age-group of 18-21 years with 2.77 lakh members, followed by age-group of 22-25 years with 2.32 lakh members.
Gender-wise analysis of payroll data indicates that enrolment of net female members has been 3.19 lakh in November 2022, which was 56,000 more than a month ago.
State-wise payroll figures highlighted that month-on-month growing trend in net member addition was reflected in the states of Gujarat, Haryana, Tamil Nadu, Uttar Pradesh, Maharashtra & Rajasthan. These states together added 58.23% of total net membership during the month.
EPFO is India’s principal organisation responsible for social security coverage to the organised sector workforce.