New Delhi: Employees’ Provident Fund Organisation (EPFO) has added 17.21 lakh net members during September. Data released by the Ministry of Labour and Employment revealed this.
As per data, around 8.92 lakh new members enrolled during September 2023.This was an increase of 21,475 net members over the previous month of August.
Out of this, around 2.26 lakh are new female members. The age-group of 18 to 25 years constitutes 58.92% of total new members added during the month. Approximately 11.93 lakh members exited but rejoined EPFO. These members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement.
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State-wise, the highest number of additions were from Maharashtra. It was followed by Tamil Nadu, Karnataka, Gujarat and Haryana.
‘These states constitute around 57.42% of net member addition, adding a total of 9.88 lakh members during the month. Of all the states, Maharashtra is leading by adding 20.42% of net members during the month,’ said labour ministry.
EPFO is the country’s principal organization responsible for providing social security benefits to the organized/semi-organized sector workforce covered under the EPF & MP Act, purview, 1952. The payroll data is provisional since the data generation is a continuous exercise, as the updation of employee records is a continuous process. The previous data hence gets updated every month.
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