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9.47 Lakh New Members Enrolled
The Employees’ Provident Fund Organisation (EPFO) has released provisional payroll data for September 2024, revealing a net addition of 18.81 lakh members. This represents 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.
Key highlights of the EPFO Payroll Data:
New Membership:
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.
Rejoining Members:
The payroll data highlights that approximately 14.10 lakh members exited and subsequently rejoined EPFO.
Growth in Female Membership:
Gender-wise analysis of payroll data unveils that 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.
State-wise Contribution:
State-wise analysis of payroll data denotes that 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.