EPFO records 5.5 pc rise in net members at 21.04 lakh in July

Team Latest NewsX
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India’s Employees’ Provident Fund Organisation (EPFO) saw a strong boost in membership last July, adding a net 21.04 lakh members. That’s a 5.55% jump from the same month last year, pointing to more job opportunities and growing awareness of employee benefits like provident funds.

The organization welcomed about 9.79 lakh fresh subscribers that month. Young people aged 18-25 led the pack, with 5.98 lakh new joiners in this group making up 61.06% of all new members. Their net addition hit 9.13 lakh, up 4.09% from last July. This trend shows how youth, especially first-time job seekers, are fueling growth in India’s organized workforce.

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Plenty of existing members came back too—16.43 lakh who had left earlier rejoined EPFO in July. This marks a 12.12% increase year-over-year. These workers switched jobs but chose to transfer their savings rather than cash out, helping secure their long-term financial future and social security.

Women are joining the mix in bigger numbers as well. Around 2.80 lakh new female subscribers signed up, and the net addition for women reached 4.42 lakh, with a slight 0.17% growth from last year. Experts say this reflects a push toward more inclusive and diverse workplaces in India.

On the state front, the top five regions drove most of the gains, accounting for 60.85% of the net additions—totaling 12.80 lakh members. Maharashtra topped the list at 20.47%, followed by strong showings from Karnataka, Tamil Nadu, Gujarat, Haryana, Delhi, Telangana, and Uttar Pradesh, each contributing over 5% to the national total. This state-wise data highlights where employment opportunities are booming across the country.

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