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EPFO: EPFO ​​broke record by adding 14.63 lakh new members in November 2024, know the reason

EPFO: Staff' Provident Fund Organization (EPFO) has launched its provisional payroll report for November 2024, through which data has been given concerning the addition of 14.63 lakh internet new members. This determine is about 5% greater than final 12 months.

Labor and Employment Ministry says Staff Provident Fund Organization (EPFO) added 14.63 lakh members throughout November 2024 pic.twitter.com/nmcmxMVJEq

— ANI (@ANI) January 22, 2025 Internet subscription progress of 9.07% in November

The web members added by EPFO ​​in November 2024 are 9.07 % greater than in October, whereas on year-on-year foundation the rise was 4.88 %. This progress signifies the group's outreach initiatives and rising consciousness.

Contribution of recent members and younger staff

A complete of 8.74 lakh new members had been added in November, which is 16.58 % greater than October 2024. About 4.81 lakh new members had been added within the age group of 18 to 25 years, which is 54.97 % of the whole new members.

enhance in girls membership

A big enhance in girls membership was additionally seen in November. Among the many newly joined members, about 2.40 lakh had been girls, which exhibits a rise of 14.94 % from October 2024 and 23.62 % 12 months on 12 months.

State sensible membership progress

States like Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat, Delhi, Telangana and Uttar Pradesh contributed considerably to the online membership in November. Maharashtra took the primary place with a progress of 20.86 % in internet membership.

Affect of EPFO's outreach efforts

The rise within the variety of new members is the results of outreach efforts made by EPFO. These efforts have made extra folks conscious of employment alternatives and worker advantages, resulting in a rise in membership of the group.

Additionally Learn: Do that work earlier than January 31, in any other case you’ll not get the cash for the nineteenth installment.

Disclaimer: Prabhat Khabar doesn’t give any recommendation for any shopping for or promoting associated to the inventory market. We publish market associated analyzes quoting market consultants and broking corporations. However take market associated choices solely after consulting licensed consultants.



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