EPFO adds 14.63 lakh net members in November 2024
The Employees' Provident Fund Organisation's provisional payroll data for November 2024, released on 22 January 2025, showed a net addition of 14.63 lakh members, including 8.74 lakh new members.
Summary
The Employees' Provident Fund Organisation (EPFO) released provisional payroll data for November 2024 on 22 January 2025, showing a net addition of 14.63 lakh members, 9.07% more than October 2024 and 4.88% more than November 2023. About 8.74 lakh new members enrolled, up 16.58% month-on-month. The 18â25 age group added 4.81 lakh new members, or 54.97% of new members. About 14.39 lakh members exited and rejoined EPFO, transferring their accumulations.
Key facts
- Released
- 22 January 2025
- Net addition, Nov 2024
- 14.63 lakh (+9.07% MoM, +4.88% YoY)
- New members
- 8.74 lakh (+16.58% MoM, +18.80% YoY)
- Age 18â25
- 4.81 lakh new members = 54.97%
- Rejoined
- About 14.39 lakh
Practice MCQs 3 questions
How many net members did EPFO add in November 2024, as per payroll data released in January 2025?
Show answer
Correct answer: C â 14.63 lakh
PIB 2095007: EPFO recorded a net addition of 14.63 lakh members in November 2024.
What share of EPFO's new members in November 2024 came from the 18â25 age group?
Show answer
Correct answer: B â 54.97%
PIB 2095007: 4.81 lakh new members aged 18â25 made up 54.97% of new members in November 2024.
Consider the following about EPFO payroll data for November 2024: 1. Net member addition was 14.63 lakh. 2. New member enrolment fell compared with October 2024. 3. The 18â25 age group made up less than half of new members. Which of the statements given above is/are correct?
Show answer
Correct answer: A â 1 only
PIB 2095007: net addition was 14.63 lakh; new members rose 16.58% over October 2024; the 18â25 group was 54.97% of new members.