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EPFO Sees 18.53 Lakh New Members in August 2024

Santhosh Kumar 25/10/2024

In August 2024, the Employees’ Provident Fund Organisation (EPFO) saw a significant net addition of 18.53 lakh new members, a 9.07% increase from the previous year, driven by enhanced employment opportunities and awareness of employee benefits. Young workers aged 18-25 made up 59.26% of new members, reflecting a rise in first-time job seekers. Around 13.54 lakh members re-joined after job switches, indicating a focus on long-term financial security. Female participation also grew, with 2.53 lakh new women members. Maharashtra led in regional contributions, with 20.59% of net additions.

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Categories: Labour Rights, National Organisations / Government Agencies

Tags: 24.10.2024, Newsbits

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