NEW DELHI: The Employees’ Provident Fund Organisation added 12.9 lakh subscribers on a net basis in October 2022, logging a year-on-year increase of 21,026 in net membership in as compared to the year before, the Union labour and employment ministry said in a statement on Tuesday.
Of the total 12.9 lakh members added, around 7.2 lakh new members have been covered under the social security cover of the EPFO for the first time, according to the provisional payroll data of EPFO.
Among new members, the highest number was registered in the 18-21 age group with 2.2 lakh members, followed by 1.9 lakh members between the ages of 22 and 25 years. The ministry said 57.2% new members are in the 18-25 years age-group.
The statement also said that approximately 5.6 lakh net members exited EPFO during October 2022, but rejoined after changing jobs within establishments covered by EPFO and transferred funds to their current accounts instead of seeking final settlements.
A gender-wise analysis of payroll data also showed women enrolment at 2.6 lakh in October 2022. Of this, 1.9 lakh females have joined EPFO for the first time. A month-on-month growth in subscriptions was observed in Kerala, MP and Jharkhand among others. Maharashtra, Karnataka, Tamil Nadu, Delhi and Haryana also added close to 7.7 lakh net members during October.
