February 25, 2025 11:15 PM

EPFO records 16.05 lakh net member additions in December 2024

The Employees’ Provident Fund Organization (EPFO) registered a net addition of 16.05 lakh members in December 2024, reflecting a steady rise in formal employment and growing awareness of employee benefits, according to the latest provisional payroll data released by the Ministry of Labour and Employment. The data highlights a 9.69 per cent increase in net payroll additions compared to November 2024. Year-on-year, the net payroll additions have grown by 2.74 per cent from December 2023, unders...