EPFO adds 1.39 Cr members during financial year 2022-23
The Employees’ Provident Fund Organisation (EPFO) has added 1.39 crore members during the financial year 2022-23. Provisional payroll data of EPFO highlights that it has added over 13 lakh members in March this year.
Labour and Employment Ministry said that out of 13.40 lakh members added during March, over seven lakh new members have come under ambit of EPFO for the first time.
Among the newly joined members, highest enrolment is in the age-group of 18 to 21 years with 2.35 lakh members, followed by the age-group of 22 to 25 years with around two lakh members.
The data also highlights that over 10 lakh members re-joined EPFO. These members switched their jobs and re-joined the establishments covered under EPFO.