8.08 lakh members enrolled for the first time in January
New Delhi, March 24 (HS). The Employees' Provident Fund Organization (EPFO) has added a net 16.02 lakh members in January. During this period, about 8.08 lakh new members enrolled with EPFO. PFO, the body that manages the retirement fund, has given this information.
In a statement issued on Sunday, the Ministry of Labor and Employment said that according to the provisional payroll data of EPFO, a net number of 16.02 lakh members have been added in January. At the same time, for the first time in January 2024, about 8.08 lakh members have enrolled. According to statistics, most of these members are in the age group of 18 to 25. Their number is 56.41 percent of the total new members added in January 2024.
According to payroll data, about 12.17 lakh members who had exited the EPFO schemes have rejoined. These members changed their jobs and rejoined the establishments under the purview of EPFO. According to the ministry, he chose to transfer his funds. According to the data, out of 8.08 lakh new members, about 2.05 lakh are women members. With this, the number of net female members added during this period was approximately 3.03 lakh. EPFO data shows that the majority of individuals joining the organized workforce are youth.
Hindustan News/Prajesh Shankar/Akash
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