EPFO adds 18.81 lakh net members in September 2024
On 20 November 2024 in New Delhi, the EPFO released provisional payroll data showing a net addition of 18.81 lakh members in September 2024, up 9.33% year on year.
Summary
On 20 November 2024 in New Delhi, the Employees' Provident Fund Organisation (EPFO) released provisional payroll data for September 2024, showing a net addition of 18.81 lakh members, 9.33% more than in September 2023. About 9.47 lakh new members enrolled, and the 18-25 age group made up 59.95% of them. About 2.47 lakh of the new members were women, and net female addition was about 3.70 lakh. About 14.10 lakh members exited and rejoined. Maharashtra led the states, adding 21.20% of net members.
Key facts
- Released
- 20 Nov 2024
- Net addition
- 18.81 lakh (Sept 2024), +9.33% YoY
- New members
- About 9.47 lakh
- Age 18-25
- 59.95% of new members
- Women
- 2.47 lakh new; net 3.70 lakh
- Top state
- Maharashtra, 21.20% of net additions
Practice MCQs 2 questions
According to EPFO's provisional payroll data released on 20 November 2024, what was the net member addition in September 2024?
Show answer
Correct answer: D — 18.81 lakh
PIB (Labour Ministry): EPFO recorded a net addition of 18.81 lakh members in September 2024, 9.33% higher year on year.
Which state led in net EPFO member additions in September 2024?
Show answer
Correct answer: C — Maharashtra
PIB (Labour Ministry): Maharashtra led by adding 21.20% of net members during the month.