- NEW DELHI — The Employees' Provident Fund Organisation (EPFO) on Monday
announced a net addition of 16.10 lakh members in February this year. The
year-on-year analysis reveals a growth of 3.99 per cent in net payroll
additions compared to the same month last year, reflecting increased employment
opportunities and heightened awareness of employee benefits, bolstered by the
EPFO's effective outreach initiatives, according to an official statement.
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- The figures further showed that the EPFO enrolled around
7.39 lakh new subscribers in February 2025, with a dominance of the young 18-25
age group. As many as 4.27 lakh new subscribers were added in this age group,
constituting a significant 57.71 per cent of the total new subscribers added in
the month. This is in consonance with the earlier trend, which indicates that
most individuals joining the organised workforce are youth, getting into their
first jobs.
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- Further, the net payroll addition for the age group 18-25
for February 2025 is approximately 6.78 lakh. This represents a growth of 3.01
per cent from the same month last year, the statement said.
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- Approximately 13.18 lakh members, who had exited earlier,
rejoined the EPFO in February 2025. This figure depicts a significant 11.85 per
cent year-over-year growth compared to February 2024. These members switched
their jobs and re-joined the establishments covered under the ambit of the EPFO
and opted to transfer their accumulations instead of applying for final
settlement, thus safeguarding long-term financial well-being and extending
their social security protection, the statement said.
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- Around 2.08 lakhs new female subscribers joined EPFO in
February 2025. It depicts year-over-year growth of 1.26 per cent compared to
the same month of the previous year.
