New Delhi- Retirement fund body EPFO has recorded a net addition of 13.96 lakh new subscribers in February 2023. The provisional payroll data of the Employees’ Provident Fund Organisation released on Thursday highlighted that EPFO has added 13.96 lakh net members in February 2023.
Out of 13.96 lakh members added during the month, around 7.38 lakh new members have come under the ambit of EPFO for the first time, a labour ministry statement said. Among the newly joined members, it stated, the highest enrolment is registered in the age group of 18-21 years with 2.17 lakh members, followed by the age group of 22-25 years with 1.91 lakh members.
The age group of 18-25 years constitutes 55.37 per cent of the total new members during the month. This indicates that the majority of the members joining the organised sector workforce of the country are first-time job seekers. The data also highlights that approximately 10.15 lakh members re-joined EPFO membership, which rose by 8.59 per cent compared to the last year.
Retirement fund body EPFO has recorded a net addition of 13.96 lakh new subscribers in February 2023. The provisional payroll data of the Employees’ Provident Fund Organisation released on Thursday highlighted that EPFO has added 13.96 lakh net members in February 2023.
Out of 13.96 lakh members added during the month, around 7.38 lakh new members have come under the ambit of EPFO for the first time, a labour ministry statement said. Among the newly joined members, it stated, the highest enrolment is registered in the age group of 18-21 years with 2.17 lakh members, followed by the age group of 22-25 years with 1.91 lakh members.
The age group of 18-25 years constitutes 55.37 per cent of the total new members during the month. This indicates that the majority of the members joining the organised sector workforce of the country are first-time job seekers. The data also highlights that approximately 10.15 lakh members re-joined EPFO membership, which rose by 8.59 per cent compared to the last year. (PTI)