16.02 lakh members joined EPFO ​​in January, for the primary time such a lot of members had been enrolled – India TV Hindi

Staff’ Provident Fund Group (EPFO), the physique that manages the retirement fund, has added 16.02 lakh members in January 2024. This info has been obtained from the most recent payroll knowledge. The Labor Ministry mentioned in an announcement final Sunday that for the primary time in January 2024, enrollment of about 8.08 lakh members was finished. Based on language information, the ministry mentioned that based on the provisional payroll knowledge of EPFO, EPFO ​​has added a internet of 16.02 lakh members in January 2024.

The general public attending are younger

Based on the most recent knowledge of EPFO, a lot of the new members added are within the age group of 18-25 years. Their quantity is 56.41 % of the full new members added in January 2024. This exhibits that almost all of people becoming a member of the organized workforce are youth. These are primarily first-time job seekers. Payroll knowledge exhibits that round 12.17 lakh members who had exited EPFO ​​schemes re-joined.

These members modified their jobs and rejoined the institutions underneath the purview of EPFO. He selected to switch his funds. Based on the info, out of 8.08 lakh new members, about 2.05 lakh are ladies members. Other than this, the variety of internet feminine members added within the month underneath overview was roughly 3.03 lakh. Earlier, EPFO ​​had added a internet of 15.62 lakh members throughout December 2023.

Knowledge era is a steady course of

Payroll knowledge is provisional. It’s because knowledge era is a steady course of. As a result of updating worker information is a frequent course of. Subsequently the earlier knowledge is up to date each month. Allow us to inform you, from April-2018 onwards, EPFO ​​is releasing payroll knowledge overlaying the interval after September, 2017. The month-to-month payroll knowledge consists of the depend of members becoming a member of EPFO ​​for the primary time by Common Account Quantity (UAN), current members exiting the protection of EPFO ​​and those that exited however re-joined as members, internet of It’s taken to achieve menstruation.

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