Did EPFO Achieve an Unprecedented Net Addition of 21.89 Lakh Members in June?
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Synopsis
The EPFO's record-breaking addition of 21.89 lakh members in June marks a pivotal moment in employment growth. This unprecedented increase showcases not just job creation but also a shift towards inclusive workforce participation, particularly among young individuals and women.
Key Takeaways
- The EPFO recorded a historic net addition of 21.89 lakh members in June.
- Growth in net payroll additions is 9.14% month-over-month.
- The 18-25 age group accounted for over 60% of new subscribers.
- Female subscriber growth indicates a shift towards workforce inclusivity.
- Many former members rejoined, reflecting job switching trends.
New Delhi, Aug 20 (NationPress) The Employees' Provident Fund Organisation (EPFO) has reported a remarkable net addition of 21.89 lakh members in June of this year, which is the highest growth since the commencement of payroll data tracking in April 2018, as stated in an official announcement released on Wednesday.
This figure represents a 9.14 percent increase in net payroll additions for June compared to the preceding month, May. Additionally, a year-on-year analysis shows a 13.46 percent growth in net payroll additions in June relative to the same month last year, indicating enhanced employment opportunities and greater awareness of employee benefits, driven by the EPFO’s successful outreach efforts.
During June, the EPFO enrolled approximately 10.62 lakh new subscribers, which signifies a 12.68 percent increase over May and a growth of 3.61 percent compared to June 2024, reflecting the rise in job prospects.
A striking feature of the data is the substantial representation of the 18-25 age group. The EPFO added 6.39 lakh new subscribers in this demographic, accounting for a notable 60.22 percent of all new subscribers added in June. The new subscribers in this age bracket show an increase of 14.08 percent compared to May.
Furthermore, the net payroll addition for the 18-25 age group for June 2025 is about 9.72 lakh, which indicates an 11.41 percent increase from the prior month and a 12.15 percent growth compared to June last year. This aligns with the ongoing trend that suggests most newcomers to the organized workforce are young individuals, mainly first-time job seekers.
Approximately 16.93 lakh members who had previously left rejoined the EPFO in June this year. This figure shows a 5.09 percent increase over May and a significant 19.65 percent year-over-year growth compared to June 2024. These individuals switched jobs and rejoined organizations covered under EPFO, choosing to transfer their savings instead of seeking final settlement, thereby ensuring long-term financial stability and extending their social security benefits, as per the official statement.
In June, around 3.02 lakh new female subscribers joined the EPFO, reflecting a 14.92 percent increase compared to the previous month. Year-over-year, this marks a growth of 1.34 percent when compared to June last year.
Moreover, the net female payroll addition for the month was around 4.72 lakh, which is an 11.11 percent increase month-over-month compared to May, and a significant 10.29 percent year-over-year growth compared to June 2024. The rise in female member additions highlights a broader transition towards a more inclusive and diverse workforce, according to the statement.
Point of View
The EPFO's latest figures reflect a growing optimism in the job market, particularly among younger demographics. This positive trend indicates not only a recovery but also a forward momentum towards a more inclusive workforce. The NationPress editorial team views this as a significant step in ensuring financial security and social protection for all employees.
NationPress
08/10/2025
Frequently Asked Questions
What is the significance of the EPFO's latest report?
The EPFO's report signifies a robust growth in employment opportunities, reflecting increased awareness of employee benefits and the success of outreach initiatives aimed at younger workers.
How many new members did the EPFO add in June?
In June, the EPFO added a remarkable 21.89 lakh net members, marking the highest growth since 2018.
What trends are observed in the age group of new subscribers?
A notable trend is the dominance of the 18-25 age group, which constitutes over 60% of new subscribers added in June, indicating a surge in first-time job seekers.
What does the increase in female subscribers indicate?
The increase in female subscribers highlights a significant shift towards a more inclusive workforce, showcasing the growing participation of women in the organized sector.
What steps can individuals take to secure their financial future through EPFO?
Individuals can secure their financial future by opting to transfer their EPF accumulations when changing jobs instead of applying for final settlement, thus maintaining their social security benefits.
