EPFO added nearly 15 lakh new members in November: Govt
The Employees' Provident Fund Organisation (EPFO) has released provisional payroll data for November 2024, revealing a net addition of 14.63 lakh members.
The Employees' Provident Fund Organisation (EPFO) has released provisional payroll data for November 2024, revealing a net addition of 14.63 lakh members.
The Employees' Provident Fund Organisation (EPFO) has released provisional payroll data for October 2024, revealing a net addition of 13.41 lakh members which signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives.
Employees' Provident Fund Organisation (EPFO) on Wednesday gave final opportunity till January 31, 2025 to Employers to upload wage details etc. regarding over 3.1 Lakh pending applications for Pension on Higher Wages.
The Employees' Provident Fund Organisation (EPFO) added 18.81 lakh members representing a 9.33% year-on-year growth in September signifying increased employment opportunities and heightened awareness of employee benefits.
A meeting of the Employees' Provident Fund Organization has decided to hire two Chartered Accountant firms for the preparation of Annual Financial Statements of the EPFO, and to facilitate the automation of the process of preparation of financial statements.
A report by the Ministry of Statistics & Programme Implementation (MoSPI) said the EPFO recorded a 10,993,119 gross addition of new members in 2023-24 compared to 11,498,453 in 2022-23.
The SBI Research report stated that the Indian economy is getting formalised at a faster pace than the growth in the labour force.
The number of net members added shot up by 31.29 per cent over the corresponding figure for March 2024, the provisional payroll data shows.
An increase of 31.29% has been registered in net member addition during April 2024 compared to March 2024.
The new software is being developed with the consultation of Centre for Development of Advanced Computing (CDAC, according to a ministry statement .
