19.5 lakh net new members joined India's EPFO in May 2024, marking the highest monthly addition since April 2018.
India's Employees Provident Fund Organisation (EPFO) added 19.5 lakh net members in May 2024, marking the highest monthly addition since the first payroll data was issued in April 2018. The increase is attributed to factors such as increased employment opportunities, awareness of employee benefits, and the success of EPFO's outreach initiatives. The 18-25 age group dominated the new member additions, accounting for 58.37% of the total new members added in May 2024.
July 20, 2024
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