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EPFO adds 16.82 lakh net members in September

Employees’ Provident Fund Organisation (EPFO) has added 16.82 lakh net members in September this year. The provisional payroll data released by EPFO shows an increase of 9.14 per cent in net membership addition in September, 2022 as compared to the corresponding month during last year in 2021. According to the Ministry of Labour and Employment, out of the total 16.82 lakh members added during the period, around 9.34 lakh new members have come under the coverage of EPFO for the first time. Among the new members, highest number was registered for age group of 18 to 21 years with 2.94 lakh members. Nearly 58.75 per cent are from the age-group of 18 to 25 years. The Ministry said, this shows that first-time job seekers are joining organized sector workforce in large numbers following their education and new jobs in organized sector are largely reaching the youth of the country.

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