March 25, 2024 10:12 AM

EPFO adds 16.02 lakh members in January; 8.08 lakh enroll for 1st time

Retirement fund body EPFO added a net 16.02 lakh subscribers in January 2024, according to payroll data released on Sunday. Around 8.08 lakh members were enrolled for the first time in January 2024, a labour ministry statement said on Sunday. Notably, the 18-25 age group emerged as the dominant segment, constituting a significant 56.41% of the total new members added. This trend highlights the youth's growing presence in the organised workforce, with many being first-time job seekers entering t...