EPFO adds 13.4 lakh members in March, 1.39 cr in FY22-23

Posted on:
Key Points

During the financial year 2022-23, around 1.39 crore net members have been added by the EPFO with an increase of 13.22 per cent compared to the previous financial year 2021-22 wherein EPFO had added approximately 1.22 crore net members, the statement said.. Retirement fund body EPFO added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23, according to payroll data released on Saturday..

Out of 13.40 lakh members added during the month of March, around 7.58 lakh new members have come under the ambit of EPFO for the first time, a labour ministry statement said...

Among the newly joined members, the highest enrolment is registered in the age group of 18-21 years with 2.35 lakh members, followed by the age group of 22-25 years with 1.94 lakh members.The age-groups of 18-25 years constitute 56.60 per cent of total new members added during the month...

Gender-wise analysis of payroll data reflects that enrolment of net female members has been 2.57 lakh in March 2023, which is around 19.21 per cent of the net member addition for the month..

You might be interested in

Formal job creation under EPFO up 11.9% to 1.56 million in December 2023: Payroll Data

21, Feb, 24

As per the payroll data released by the ministry of labour and employment on Tuesday, the year-on-year net new subscribers addition to EPFO was higher by 4.62% when compared to 1.49 million net new subscribers added in December 2022. This surge in membership can be attributed to various factors, including increased employment opportunities, a growing awareness of employee benefits, and the effectiveness of EPFOs outreach programs, the labour ministry said

EPFO adds 15.29 lakh net members in Oct

21, Dec, 23

The Employees Provident Fund Organisation (EPFO) has reported a substantial surge in its membership, with a total of 15.29 lakh net members joining in October t

EPFO adds 16.02 lakh members in January; 8.08 lakh enroll for 1st time

25, Mar, 24

EPFO added 16.02 lakh subscribers in January 2024, with a significant influx of youth members. Female participation increased, indicating a shift towards a more inclusive workforce. The data reflects continuous updates since April 2018.

1.63 million members added to EPFO in May

21, Jul, 23

The latest data also reveals that 3,673 establishments extended social security cover of EPFO to their employees during the month

Formal job creation under EPFO falls in February

20, Apr, 23

As per the provisional data, released on Thursday, formal job creation fell slightly when compared month-on-month with net new employees added to the retirement fund body at 1.48 million in January. According to the data, out of 1.39 million subscribers added to EPFO during the month, around 0.73 million new members have come under the ambit of EPFO for the first time.