Did EPFO Experience a 5.5% Growth in Net Members to 21.04 Lakh in July?
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Synopsis
The EPFO has announced a remarkable net addition of 21.04 lakh members in July, marking a 5.55% increase from the previous year. This growth indicates rising employment opportunities, particularly among young job seekers. The data also highlights an encouraging trend in female workforce participation and the rejoining of former members, showcasing a shift towards a more inclusive economy.
Key Takeaways
- EPFO net addition: 21.04 lakh members in July
- Growth Rate: 5.55% year-over-year increase
- Young Subscribers: 61.06% from the 18-25 age group
- Female Participation: 2.80 lakh new female subscribers
- State Contributions: Top five states account for 60.85% of net payroll
New Delhi, Sep 23 (NationPress) The Employees' Provident Fund Organisation (EPFO) has reported an impressive net increase of 21.04 lakh members in July this year, reflecting a significant 5.55 percent rise compared to the same month last year. This growth underscores the rising employment opportunities and enhanced awareness regarding employee benefits, as stated in an official announcement on Tuesday.
In July, EPFO saw approximately 9.79 lakh new subscribers enroll. Notably, a large portion of these new members belongs to the 18-25 age bracket, many of whom are entering the workforce for the first time. Among the new subscribers, 5.98 lakh are from this young demographic, making up a substantial 61.06 percent of the total additions for the month.
Additionally, the net payroll addition for those aged 18-25 reached about 9.13 lakh, marking a 4.09 percent increase compared to July of the previous year. This trend aligns with previous data, indicating that a majority of individuals joining the organized workforce are young, primarily first-time job seekers, as highlighted in the statement.
Moreover, around 16.43 lakh former members rejoined EPFO in July, reflecting a remarkable 12.12 percent year-over-year growth when compared to July 2024. These individuals transitioned jobs and opted to reintegrate into EPFO establishments, choosing to transfer their funds instead of requesting final settlements, thereby ensuring their long-term financial security and social protection.
In terms of female participation, approximately 2.80 lakh new female subscribers joined EPFO in July. The net addition of female payroll members during the month stood at around 4.42 lakh, showing a slight year-over-year growth of 0.17 percent. This increase in female membership reflects a broader shift toward a more inclusive and diverse workforce, as noted in the statement.
State-level analysis reveals that the top five states account for approximately 60.85 percent of the net payroll additions, contributing a total of around 12.80 lakh net payroll during the month. Maharashtra leads with a contribution of 20.47 percent of the net payroll figures.
Other states such as Karnataka, Tamil Nadu, Gujarat, Haryana, Delhi, Telangana, and Uttar Pradesh each added over 5 percent to the total net payroll for the month, according to the official data.
Point of View
I emphasize that the EPFO's growth in member enrollment reflects a positive trend in the job market, particularly among youth and women. This data provides valuable insights into the evolving workforce demographics and the increasing importance of social security benefits, which are crucial for long-term financial stability.
NationPress
23/09/2025
Frequently Asked Questions
What is the net addition of members reported by EPFO in July?
The EPFO reported a net addition of 21.04 lakh members in July, marking a 5.55% increase compared to the same month last year.
Which age group constituted the majority of new subscribers?
The majority of new subscribers, around 61.06%, belong to the 18-25 age group, many of whom are first-time job seekers.
How many female subscribers joined EPFO in July?
Approximately 2.80 lakh new female subscribers joined EPFO in July.
What does the increase in female membership indicate?
The increase in female membership indicates a broader shift towards a more inclusive and diverse workforce.
Which state had the highest net payroll addition?
Maharashtra had the highest net payroll addition, contributing 20.47% of the total net payroll during the month.
