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EPFO adds 18.81 lakh net members in September 2024
Nov-21-2024

The Retirement fund body, Employees' Provident Fund Organisation (EPFO) in its latest ‘Provisional payroll data’ report has showed that 18.81 lakh net members have been added in the month of September 2024, a 9.33% year-on-year growth as compared to September 2023, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives.

EPFO enrolled around 9.47 lakh new members in September 2024, representing an increase of 6.22% in the new members from the previous year in September 2023. This surge in new memberships can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO's successful outreach programs.

Gender-wise, out of the new members added during the month, around 2.47 lakhs are new female members. This figure exhibits year-over-year growth of 9.11% compared to September 2023. Also, the net female member addition during the month stood at around 3.70 lakh. It reflects a year over year growth of 12.11% compared to September 2023. The surge in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce.

State-wise, net member addition in the top five states/ UTs constitutes around 59.86% of net member addition, adding a total around 11.26 lakh net members during the month. Of all the states, Maharashtra is leading by adding 21.20% of net members during the month. The states/UTs of Maharashtra, Karnataka, Tamil Nadu, Delhi, Haryana, Gujarat, Uttar Pradesh and Telangana individually added more than 5% of the total net members during the month.


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