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.
The Employees' Provident Fund Organisation (EPFO) added around 9.30 lakh new members in August 2024, representing a 0.48% increase in new members compared to August 2023.
Union Minister of Labour & Employment Dr Mansukh Mandaviya released the provisional payroll data, and mentioned that the EPFO has added 19.94 lakh net members in July, marking the highest recorded increase since payroll data tracking began in April 2018.
This directive was issued during a review meeting held with EPFO officials here on Friday.
In March 2021, the Central Board of Trustees (CBT) decided the 8.5% interest rate on EPF deposits for 2020-21.
Ministry of Labour & Employment on Saturday said the EPFO added 13.95 lakh net members in the month of November, 2023 with around 7.36 lakh new members have enrolled during the same month itself.
EPFO’s latest provisional payroll data released on Monday highlighted that the provident fund organisation added 17.21 lakh net subscribers in the month of September.
The Minister stated that EPFO had extended the Act's provisions to the working class of Jammu and Kashmir, effective from 31 October, 2019.
The number of new monthly subscribers under the employees' provident fund (EPF) saw a rise of close to 10 per cent to 10.14 million in June, up from 927,703 in May.
