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Budget News

  • EPFO adds 14.86 lakh members in January
  • March 21,2023  10:21

  • The provisional payroll data of Employees' Provident Fund Organisation (EPFO) highlights that EPFO has added 14.86 lakh net members in the month of January, 2023. Out of 14.86 lakh members added during the month, around 7.77 lakh new members have come under ambit of EPFO for the first time. Among the newly joined members, highest enrolment is registered in the age-group of 18-21 years with 2.26 lakh members, followed by the age-group of 22-25 years with 2.06 lakh members. The age-groups of 18-25 years constitutes 55.52% of total of new members during the month. This indicates that majority of the members are first-time job seekers joining organised sector workforce of the country. For the month of January, 2023 only 3.54 lakh members have exited the fold of EPFO. This is the lowest exit in the last four months.

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