EPFO adds 18.81 lakh net members in September 2024, 9.47 lakh new enrollments
3 months, 2 weeks ago

EPFO adds 18.81 lakh net members in September 2024, 9.47 lakh new enrollments

India TV News  

Employees' Provident Fund Organisation on Wednesday released a statement asserting that the retirement fund body logged 9.33 per cent growth in net member additions in September at 18.81 lakh compared to the year-ago month. The payroll data showed that EPFO enrolled around 9.47 lakh new members in September 2024, representing an increase of 6.22 per cent over September 2023. In addition, it stated that the net payroll data for the age group 18-25 for September 2024 is 8.36 lakh, which depicts a 9.14 per cent YoY growth compared to the September 2023 data. State-wise analysis of payroll data denotes that net member addition in the top five states/ Union Territories constitutes around 59.86 per cent or 11.26 lakh during the month.

Growth Data Cent Members Lakh Yoy Net Epfo New Members Payroll Net Members  cent  2024  net  adds  lakh  epfo  data  enrollments  947  growth  payroll  services  yoy  members  1881

History of this topic

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report
2 weeks, 5 days ago

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report

ABP News  

The Employees' Provident Fund Organisation is set to introduce a series of transformative features under its proposed upgrade, EPFO 3.0. These changes, aimed at enhancing accessibility and flexibility for members, include ATM-enabled withdrawals, removal of the current contribution cap, and pension conversion options, according to a report by ET Now. Key Highlights of EPFO 3.0 PF Withdrawals via ATMs: The …

EPF Sees Record High 985,000 New Subscribers Enroll In May, Women Make Up 25 Per Cent Of Additions
5 months ago

EPF Sees Record High 985,000 New Subscribers Enroll In May, Women Make Up 25 Per Cent Of Additions

ABP News  

Fresh formal employment generation rose to touch a ten-month peak in May, official payroll data released by the Employees’ Provident Fund Organisation on Saturday showed. The latest monthly payroll data released by the EPFO stated that the number of new subscribers in the month under the EPF rose to 985,000, against 887,000 users logged in April. The net payroll additions …

EPFO adds 15.48 lakh net members in Feb. 2024
8 months ago

EPFO adds 15.48 lakh net members in Feb. 2024

Deccan Chronicle  

Hyderabad: The EPFO’s provisional payroll data released on 20th April, 2024 highlighted that it added 15.48 lakh net members in the month of February, 2024. A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 56.36 per cent of the total new members added in February 2024 indicating the majority of individuals joining …

Net EPFO subscribers in FY24 jump; check out the big numbers
8 months ago

Net EPFO subscribers in FY24 jump; check out the big numbers

Hindustan Times  

In what is deemed as a bg improvement in India’s jobs situation, it has been reported that the Employees’ Provident Fund Organisation has logged over 19% growth in net subscribers to 1.65 crore members in 2023-24. There have been significant improvements across a number of metrics including net EPFO subscribers. The net subscribers addition by EPFO jumped in excess of …

Higher PF pension | Employers get five more months to process applications
11 months, 2 weeks ago

Higher PF pension | Employers get five more months to process applications

The Hindu  

The Employees’ Provident Fund Organisation on Wednesday extended the time for employers for uploading and submitting the joint options of employees to claim higher pension with their wage details online till May 31. The EPFO had started an online facility for submitting applications for validation of option and joint options for pension on higher wages on February 26, 2023 till …

EPFO net October member additions at 1.53 million
1 year ago

EPFO net October member additions at 1.53 million

Live Mint  

New Delhi: The Employees' Provident Fund Organisation net added 1.53 million members in October, an increase of 18.22% from a year ago, according to provisional payroll data released on Wednesday by the labour ministry. Additionally, the payroll data showed that around 1.10 million members had exited the EPFO, only to re-register with the organisation within the same month. "These members …

EPFO Logs 17.21 Lakh Net Members In September
1 year, 1 month ago

EPFO Logs 17.21 Lakh Net Members In September

ABP News  

The Employees' Provident Fund Organisation saw a net addition of 17.21 lakh members in September, according to the payroll data released on Monday. It explained, “These members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement thus, extending their social security protection.” Against the …

Over 1 million new EPF subscribers registered in July: NSO data
1 year, 2 months ago

Over 1 million new EPF subscribers registered in July: NSO data

Live Mint  

New Delhi: Over 10 lakh people joined the organised workforce in July, according to the latest data released on Monday from the National Statistical Office, Ministry of Statistics and Programme Implementation. In the 18-21 years age group, 331,541 new members joined the formal workforce, which included 258,374 men and 73,165 women, the data showed. In the 22-25 years age group, …

India Created 5.2 Crore Payrolls In Last 4 Years, Says SBI Ecowrap Citing EPFO, NPS Data
1 year, 3 months ago

India Created 5.2 Crore Payrolls In Last 4 Years, Says SBI Ecowrap Citing EPFO, NPS Data

ABP News  

State Bank of India’s Economic Research Department’s report, SBI Ecowrap, on Tuesday, said that the total payroll generation of EPFO and NPS is more than 5.2 crore during the last four fiscal years. The paper analysed the EPFO payroll data between the financial year 2019-20 and the financial year 2022-23 to say that 4.86 crores of net new EPF subscribers …

EPFO added 17.89 lakh net members in June this year in 11-month high, says govt data
1 year, 4 months ago

EPFO added 17.89 lakh net members in June this year in 11-month high, says govt data

India TV News  

The Employees' Provident Fund Organisation added 17.89 lakh net members on a net basis in June 2023, according to data released by the Ministry of Labour and Employment. State-wise analysis State-wise analysis of payroll data shows that the five states of Maharashtra, Tamil Nadu, Karnataka, Gujarat, and Haryana have the highest net member addition. The other four states are as …

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here
1 year, 4 months ago

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here

News 18  

The central government has approved to credit interest at 8.15 per cent to the Employees’ Provident Fund scheme for 2023-24. The EPFO’s Central Board of Trustees on March 28 set an 8.15 per cent interest rate on provident fund for this fiscal. According to an Employees’ Provident Fund Organisation office order issued on Monday, July 24, the labour ministry has …

EPFO Added Fewer New Members in March, Shows Data; Maharashtra Added the Most
1 year, 7 months ago

EPFO Added Fewer New Members in March, Shows Data; Maharashtra Added the Most

News 18  

The number of net members added by the Employees’ Provident Fund Organisation declined in March this year compared to the previous month. As per data released by the EPFO, in March, 13.40 lakh net members were added compared to 13.96 lakh in February and 14.86 lakh in January. Gender-wise, the enrolment of net female members has been 2.57 lakh in …

EPFO data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23
1 year, 7 months ago

EPFO data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23

India TV News  

EPFO Data: According to payroll data released on Saturday, the retirement fund body EPFO added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23, The latest data suggested that a total of 1.22 crore members were added to the EPFO on a net basis in 2021-22. Out of 13.40 lakh members …

2-day EPFO board meeting from today: List of issues likely to be taken up
1 year, 8 months ago

2-day EPFO board meeting from today: List of issues likely to be taken up

Hindustan Times  

The Central Board of Trustees of the Employees Provident Fund Organisation will convene in New Delhi on Monday for a 2-day meet, during which they are expected to discuss a host of issues, including the interest rate for the financial year 2023-24. Higher pension: The board may hold detailed discussions regarding the higher pension option for subscribers after the Supreme …

EPF Board meet pushed to March 27-28
1 year, 9 months ago

EPF Board meet pushed to March 27-28

The Hindu  

The government on Monday announced the deferral of a meeting of the Employees’ Provident Fund Organisation board, where it is expected to finalise the EPF rate to be paid on crores of formal sector workers’ retirement savings in its custody for 2022-23. Chaired by Union Labour and Employment Minister Bhupender Yadav, the board of trustees of the EPFO was earlier …

EPFO sets May 3 as deadline for subscribers to opt for higher pension
1 year, 9 months ago

EPFO sets May 3 as deadline for subscribers to opt for higher pension

Deccan Chronicle  

New Delhi: The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per …

EPFO sets deadline for subscribers to opt for higher pension set as May 3
1 year, 9 months ago

EPFO sets deadline for subscribers to opt for higher pension set as May 3

Hindustan Times  

The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2024, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of …

EPFO adds net 14.93 lakh subscribers in December
1 year, 10 months ago

EPFO adds net 14.93 lakh subscribers in December

Live Mint  

New Delhi: Retirement fund body Employees’ Provident Fund Organisation added 14.93 lakh subscribers on a net basis in December 2022, provisional data by the labour ministry showed on Monday. “Year-on-year comparison of payroll data reflects an increase of 32,635 in net membership addition in December, 2022 as compared to the corresponding month during last year in 2021,” the ministry said …

Provident Fund Body EPFO Adds 16.26 Lakh Net Members In November, 2022
1 year, 11 months ago

Provident Fund Body EPFO Adds 16.26 Lakh Net Members In November, 2022

ABP News  

The Ministry of Labour and Employment on Friday released provisional payroll data of the Employees’ Provident Fund Organisation, and said that the EPFO has added 16.26 lakh net members in the month of November 2022. The data shows an increase of 25.67 per cent in net additions compared to the previous month in October 2022, which indicates increased participation of …

EPFO adds 18.36 lakh new members in June 2022. Details here
2 years, 4 months ago

EPFO adds 18.36 lakh new members in June 2022. Details here

Live Mint  

EPFO added 18.36 lakh net members in June this year, as per the provisional payroll data. Further, in June 2022, EPFO registered an increase of 5.53 lakh in terms of net member addition compared to the same month last year. As per Ministry of Labour & Employment data, from the total of 8.36 lakh members added in June 2022, approximately …

EPFO Adds 16.8 Lakh Subscribers In May; 22-25 Age Group Sees Most Net Enrolments
2 years, 5 months ago

EPFO Adds 16.8 Lakh Subscribers In May; 22-25 Age Group Sees Most Net Enrolments

News 18  

The Employees’ Provident Fund Organisation added around 16.8 lakh new subscribers in May, an increase of over 80 per cent as compared with the 9.2 lakh subscribers registered in May last year. “State-wise comparison of payroll figures highlights that the establishments covered in the states of Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat and Delhi to remain in lead by adding …

EPFO adds 15.32 lakh net subscribers in March; women’s participation in organised workforce rises
2 years, 7 months ago

EPFO adds 15.32 lakh net subscribers in March; women’s participation in organised workforce rises

Firstpost  

Age-wise comparison of payroll data showed that the age group of 22-25 years has been on the forefront by registering the highest number of net enrolments, with 4.11 lakh additions during March 2022 New Delhi: Retirement fund body EPFO has added 15.32 lakh subscribers in March 2022, over 19 per cent more than 12.85 lakh enrolled in February this year. …

EPFO asks PF members not to do these | Details here
2 years, 8 months ago

EPFO asks PF members not to do these | Details here

India Today  

The Employees Provident Fund Organisation has warned subscribers of the Employees' Provident Fund or popularly known as PF, of fraudsters. In a twitter post, EPFO said that it never asks personal details like Aadhaar, PAN, UAN, bank account, OTP over phone, social media, and Whatsapp. #EPFO never asks its members to share their personal details like Aadhaar, PAN, UAN, Bank …

EPF rate slashed from 8.5% to 8.1% for 2021-22, to hit savings
2 years, 9 months ago

EPF rate slashed from 8.5% to 8.1% for 2021-22, to hit savings

The Hindu  

The return on workers’ retirement savings parked with the Employees’ Provident Fund Organisation has been slashed to 8.1% for 2021-22 from the 8.5% rate credited to EPF members’ accounts in the last two years. The EPFO’s income from investments this year stood at ₹76,768 crore from about ₹70,000 crore in 2020-21, when it had paid out 8.5% to EPF accounts. …

EPFO adds 14.81 lakh net subscribers in August
3 years, 2 months ago

EPFO adds 14.81 lakh net subscribers in August

India TV News  

The provisional payroll data of EPFO released on 20th October, 2021 highlights that EPFO has added around 14.81 lakh net subscribers during the month of August, 2021. Of the total 14.81 lakh net subscribers, around 9.19 lakh new members have come under the social security ambit of EPFO for the first time. Around 5.62 lakh net subscribers exited but rejoined …

EPFO likely to credit interest for 2020-21 in accounts of over six crore subscribers; rate still at 8.5%
3 years, 2 months ago

EPFO likely to credit interest for 2020-21 in accounts of over six crore subscribers; rate still at 8.5%

Firstpost  

The finance ministry is expected to give its seal of approval to the decision soon The Employees Provident Fund Organisation is expected to credit the interest declared for the financial year 2020-21 in the accounts of six crore subscribers around Diwali, according to media reports. The move is set to bring some festive cheer to the salaried class, as the …

EPFO's Net New Enrolments Up 28 % to 13.36 Lakh in January
3 years, 9 months ago

EPFO's Net New Enrolments Up 28 % to 13.36 Lakh in January

News 18  

Net new enrolments with retirement fund body EPFO grew 27.79 per cent to 13.36 lakh in January compared to the same month in 2020, according to the payroll data released on Saturday, providing a perspective on formal sector employment amid the pandemic. “The provisional payroll data of EPFO published on 20th March, 2021 highlights a growing trend of subscriber base …

EPFO likely to announce interest rates on provident fund deposits for FY 2020-21 today
3 years, 9 months ago

EPFO likely to announce interest rates on provident fund deposits for FY 2020-21 today

Firstpost  

The Employees Provident Fund Organisation is expected to announce the interest rates on provident fund deposits for the financial year 2020-21 on Thursday. The central board of trustees will meet in Srinagar and reports say the EPFO could lower the rates for FY 20-21 following the economic downturn throughout the last year due to novel coronavirus. In March 2020, the …

For affluent, EPF is not nest egg but goose that lays golden eggs
3 years, 10 months ago

For affluent, EPF is not nest egg but goose that lays golden eggs

The Hindu  

Over 1.23 lakh high net worth individuals deposited over ₹62,500 crore into their employees’ provident fund accounts in 2018-19 alone, and the largest EPF account has a staggering ₹103 crore balance, sources in the Department of Revenue said on Thursday, defending the Budget move to tax the income on employees’ PF contributions over ₹2.5 lakh a year. “Since any tax …

ESIC Scheme Adds 9.3 Lakh New Members in August
4 years, 2 months ago

ESIC Scheme Adds 9.3 Lakh New Members in August

News 18  

Around 9.30 lakh new members joined ESIC-run social security scheme in August, against 7.55 lakh in the previous month, official data showed on Friday, giving a perspective on formal sector employment in the country. In March, as many as 8.21 lakh new members had joined the scheme run by ESIC, against 11.83 lakh subscribers in February, according to the payroll …

ESIC Social Security Scheme Adds 7.92 Lakh New Members in June
4 years, 3 months ago

ESIC Social Security Scheme Adds 7.92 Lakh New Members in June

News 18  

Around 7.92 lakh new members joined the ESIC-run social security scheme in June 2020, compared to 4.76 lakh in May this year, official data showed on Tuesday, giving a perspective on formal sector employment in the country. As many as 8.21 lakh new members had joined the scheme run by the Employees’ State Insurance Corporation in March 2020, against 11.83 …

Nearly 500,000 joined formal workforce in June: EPFO
4 years, 4 months ago

Nearly 500,000 joined formal workforce in June: EPFO

Live Mint  

At least 498,262 people joined India’s formal workforce in June, recording a growth for the second consecutive month, according to the payroll data of the Employees’ Provident Fund Organization released on Thursday. In contrast, the June payroll data showed strong revival to touch the half a million mark in fresh subscribers. To be sure, June’s fresh payroll additions are still …

EPFO Records 6.55 Lakh Net New Enrolments in June: Data
4 years, 4 months ago

EPFO Records 6.55 Lakh Net New Enrolments in June: Data

News 18  

Net new enrolments with retirement fund body EPFO rose to 6.55 lakh in June from 1.72 lakh during May 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis. Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 3.18 lakh in May …

At least 498,262 people joined formal workforce in June, EPFO payroll data
4 years, 4 months ago

At least 498,262 people joined formal workforce in June, EPFO payroll data

Live Mint  

At least 498,262 people joined the formal workforce in the month of June, recording a growth of second consecutive month, the payroll data of the employees provident fund organization revealed Thursday. As per payroll data, while April saw nearly 177,500 fresh subscribers, in May the number crept up to 303,388. In contrast June payroll data showed a strong revival to …

EPFO: Net new enrolments rise to 6.55 lakh in June
4 years, 4 months ago

EPFO: Net new enrolments rise to 6.55 lakh in June

Live Mint  

Net new enrolments with retirement fund body EPFO rose to 6.55 lakh in June from 1.72 lakh during May 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis. Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 3.18 lakh in May …

EPFO Withdrawals Hit Rs 30,000 Crore as 80 Lakh People Dig Into Their Retirement Fund
4 years, 4 months ago

EPFO Withdrawals Hit Rs 30,000 Crore as 80 Lakh People Dig Into Their Retirement Fund

News 18  

Amid the COVID-19 outbreak, 80 lakh Employee Provident Fund Organisation subscribers have withdrawn as much as Rs 30,000 crore in less than four months starting from April. The amount withdrawn by EPFO subscribers exceeded the usual outgo recorded during the period, which could be due to layoffs, pay cuts and medical expenses, according to a report by The Economic Times. …

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