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EPFO adds 16.26 lakh net members in November 2022

The Statesman

|

January 21, 2023

The Employees Provident Fund Organisation (EPFO) payroll data released today showed that EPFO has added 16.26 lakh net members in the month of November, 2022. The data indicates an increase of 25.67 percent net addition compared to previous month in October, 2022.

EPFO adds 16.26 lakh net members in November 2022

The year-on-year comparison of the payroll data reflects an increase of 16.50 percent in net membership addition in November, 2022 as compared to the corresponding month during the previous year in 2021. The data is indicative of freshly employed persons in the organised sector.

Of the total 16.26 lakh members added during November, 2022, around 8.99 lakh new members have come under the ambit of EPFO for the first time, thus showing that new members joining EPFO has increased by 1.71 lakh, from 7.28 lakh in October 2022.

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