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| EPFO Adds 16.1 Lakh members in February, reflects rise in employment | | |
Agencies
NEW DELHI, Apr 21: 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.
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.
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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