EPFO adds 16.10 Lakh net members
New -Delhi, April 21 (PTI) pension fund -EPFO, added 16.10 Lakh net members in February, which was a 3.99 percent increase in the same month last year, according to the latest payroll data released on Monday. In February 2025, employee provision fund organization (EPFO) enrolled about 7.39 Lakh new subscribers, a statement from the Ministry of Labor said. The addition of new subscribers can be attributed to growing jobs, a greater awareness of employee benefits and the successful outreach programs of EPFO, the ministry said. The EPFO released provisional payroll data for February 2025, which, according to the statement, unveiled a net addition of 16.10 Lakh members. The year-on-year analysis reveals a 3.99 percent growth in net payroll supplements compared to February 2024, indicating greater jobs and a greater awareness of employee benefits, strengthened by EPFO’s effective outreach initiatives. A striking aspect of the data is the dominance of the age group 18-25, which constitutes 4,27 Lakh new subscribers in February 2025. This segment forms a significant 57.71 percent of the total new subscribers added during the month. This is in line with the earlier trend, which indicates that most individuals who join the organized workforce are youth, mainly first job seekers, said it. Furthermore, the net payroll for the age group 18-25 for February 2025 was about 6.78 Lakh, reflecting a growth of 3.01 percent of the previous year in February 2024. About 13.18 Lakh members, who went out earlier, rejoined the EPFO in February 2025, the data showed. This figure shows a significant growth of 11.85 percent year-on-year compared to February 2024. Instead of choosing the final settlement, they chose to transfer their accumulated funds and thus protect their long -term financial well -being and expand their protection of social security. According to the data, about 2.08 Lakh joined new female subscribers in February 2025 in EPFO. It shows a year-by-year growth of 1.26 percent compared to February 2024. Furthermore, the net female payroll stood at around 3.37 lakh during the month, a significant year-to-year growth of 9.23 percent compared to a more inclusive and the growth in female members, indication of a broader shift and the growth of Members are indication of a broad in the broad of a broader shift to a more inclusive and the growth of female members has been shifted from a broader divergent workforce. State-wise analysis of payroll data indicates that the top five states/ UTs make up about 59.75 percent of net payroll addition, which added a total of about 9.62 Lakh-net payroll during the month. Of all the states, Maharashtra leads by adding 20.90 percent of the net payroll during the month. The States/UTs of Maharashtra, Tamil Nadu, Karnataka, Gujarat, Haryana, Delhi, Telangana and Uttar Pradesh added more than 5 percent of the total net payroll during the month. Month-to-month comparison of data-wise data shows growth in net payroll addition in businesses involved in the industries, namely. fish processing and non-vegetarian food conservation units; associations, clubs or associations; Businesses engaged in cleaning and livestock services; Businesses involved in manufacturing, marketing, service, use of computers; and businesses related to aircraft or airlines. Of the total net payroll supplement is approximately 41.72 percent of expert services (consisting of manpower suppliers, normal contractors, security services, diverse activities, etc.). The above payroll data is provisional, as data generation is an ongoing exercise, as employee record update is an ongoing process. The previous data is updated each month. From April 2018, the EPFO released the payroll data covering the period September 2017. In monthly payroll data, the score of members who first join EPFO is by Aadhaar-Receinded Universal Account Number (UAN), existing members who come from the cover of EPFO and those who went out but arrived again, arrive at a net monthly payroll. First published: 21 Apr 2025, 03:23 pm Ist