EPFO adds 18.53 lakh net members in August 2024
On 20 October 2024, in India, EPFO's provisional payroll data showed a net addition of 18.53 lakh members in August 2024, with about 9.30 lakh new members enrolled.
Summary
On 20 October 2024, in India, the Employees' Provident Fund Organisation (EPFO) released provisional payroll data showing a net addition of 18.53 lakh members in August 2024, a 9.07% year-on-year growth over August 2023. About 9.30 lakh new members enrolled during the month. The 18-25 age group made up 59.26% of new members, and its net payroll addition was 8.06 lakh. About 13.54 lakh members exited and rejoined EPFO.
Key facts
- Released
- 20 Oct 2024
- Month
- August 2024
- Net addition
- 18.53 lakh (9.07% YoY)
- New members
- About 9.30 lakh
- 18-25 share of new members
- 59.26%
- Exited and rejoined
- About 13.54 lakh
Practice MCQs 3 questions
As per EPFO's provisional payroll data released on 20 October 2024, how many net members were added in August 2024?
Show answer
Correct answer: D — 18.53 lakh
PIB, 20 Oct 2024: net addition of 18.53 lakh members in August 2024; 9.30 lakh were new members.
About how many new members did EPFO enrol in August 2024?
Show answer
Correct answer: A — 9.30 lakh
PIB, 20 Oct 2024: EPFO enrolled around 9.30 lakh new members in August 2024.
What share of EPFO's new members in August 2024 belonged to the 18-25 age group?
Show answer
Correct answer: B — 59.26%
PIB, 20 Oct 2024: the 18-25 age group constituted 59.26% of the total new members added in August 2024.