The number of new members added to the Employees" Provident Fund Organisation (EPFO) increased by 9.33% in September 2024 compared to the same month last year, reaching a total of 18.81 lakh.
This growth in membership can be attributed to the availability of more job opportunities, increased awareness of employee benefits, and effective outreach programs conducted by EPFO.
The Labour Ministry reported that approximately 9.47 lakh new members were enrolled in September 2024, which represents a 6.22% increase from September 2023.
The provisional payroll data released on November 20 confirms the positive trend in member enrollment, indicating ongoing efforts to improve the social security system for employees nationwide.