EPFO Adds 13.95 Lakh Net Members During November 2023

EPFO Provides 13.95 Lakh Internet Members Throughout November 2023

Payroll information displays that roughly 10.67 lakh members exited however rejoined EPFO.

EPFO, Employees Provident Fund Organisation, Employee, payroll data, November, social security, female member, workforce, Maharashtra, Tamil Nadu, Karnataka, Haryana, Delhi, Aadhaar, Universal Account Number, UAN

EPFO: Workers’ Provident Fund Organisation’s (EPFO’s) provisional payroll information launched on Saturday highlights that EPFO has added 13.95 lakh internet members in November 2023. The cumulative internet addition of members through the present monetary 12 months continues to stay greater than that of the corresponding interval of the earlier 12 months.

The info signifies that round 7.36 lakh new members have enrolled throughout November 2023.  Among the many newly joined members, the age-group of 18-25 years constitutes 57.30% of whole new members added through the month, exhibiting that majority of the members becoming a member of organised sector workforce of the nation are youth, who’re largely first-time job seekers.

Payroll information displays that roughly 10.67 lakh members exited however rejoined EPFO. In reality, these members switched their jobs and re-joined the institutions lined below the ambit of EPFO and opted to switch their accumulations as a substitute of making use of for ultimate settlement thus, extending their social safety safety.

Gender-wise evaluation of payroll information represents that out of the overall 7.36 lakh new members added through the month, round 1.94 lakh are new feminine members, becoming a member of EPFO for the primary time. Additionally, the online feminine member addition through the month stood at round 2.80 lakh. Proportion of internet feminine members out of internet subscriber addition stood at 20.05%, which is highest since September 2023, exhibiting a rising participation of feminine staff within the organized sector workforce.

State-wise evaluation of payroll information denotes that internet member addition is highest within the 5 states/ UTs of Maharashtra, Tamil Nadu, Karnataka, Haryana and Delhi. These states represent round 58.81% of internet member addition, including a complete of 8.20 lakh members through the month. Of all of the states, Maharashtra is main by including 21.60% of internet members through the month.

Month-on-month comparability of industry-wise information shows important progress within the members working in institutions engaged within the agriculture farms, espresso plantations, sugar, rubber plantations, tiles and many others. Of the overall internet membership, round 41.94% addition is from skilled companies (consisting of manpower suppliers, regular contractors, safety companies, miscellaneous actions and many others.).

The above payroll information is provisional because the information technology is a steady train, as updating worker file is a steady course of. The earlier information therefore will get up to date each month. From the month of April-2018, EPFO has been releasing payroll information overlaying the interval September 2017 onwards. In month-to-month payroll information, the rely of members becoming a member of EPFO for the primary time by way of Aadhaar validated Common Account Quantity (UAN), current members exiting from protection of EPFO and people who exited however re-joining as members, is taken to reach at internet month-to-month payroll.



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