Business

EPFO Adds 14.58 Lakh Net Members In March; New Subscribers Rise To 7.54 Lakh

The Employees’ Provident Fund Organisation (EPFO) added 14.58 lakh net members in March 2025, marking a 1.15% increase in net payroll additions compared to March 2024.

This growth reflects rising employment opportunities and successful EPFO outreach efforts.

EPFO Enrols New Subscribers; Youth Drive Growth

In March, EPFO enrolled 7.54 lakh new subscribers, up 2.03% from February and 0.98% year-on-year compared to March 2024.

Notably, 4.45 lakh new subscribers belonged to the 18-25 age group, making up nearly 59% of all new enrollments.

This age group saw a 4.21% monthly increase and a 4.73% rise year-on-year.

Net payroll additions for the 18-25 age bracket reached approximately 6.68 lakh in March, showing a 6.49% growth compared to the previous year.

This aligns with trends that indicate youth, especially first-time job seekers, are driving organised workforce growth, according to the Ministry of Labour and Employment.

Returning EPFO Members Boost Numbers

Around 13.23 lakh members who had previously exited EPFO rejoined in March, representing a 0.39% rise over February and a strong 12.17% year-on-year increase.

These returning members switched jobs but chose to transfer their provident fund accumulations, securing their long-term financial benefits and social security.

In March, EPFO added approximately 2.08 lakh new female subscribers, a slight 0.18% increase from February and a 4.18% rise compared to March 2024.

Female net payroll additions stood at about 2.92 lakh, showing a 0.78% year-on-year increase.

Maharashtra Leads & Expert Services Dominate

Among all states, Maharashtra contributed the largest share, accounting for 20.24% of the net payroll additions during the month.

Nearly 45.59% of total net payroll additions came from expert services, including manpower suppliers, contractors, security services, and other miscellaneous activities.

Also Read: India’s Economy Shows Resilience Amid Global Slowdown: RBI Report

Purnima Mishra

Recent Posts

Amit Shah Approves Rs 1,950 Crore Advance Release To Karnataka And Maharashtra For Flood Relief

The Central Government has allocated substantial financial assistance to various States for disaster response and…

48 mins ago

Our Hearts Are Fuller Than Ever: Parineeti Chopra And Raghav Chadha Welcome Their Baby Boy

Bollywood actress Parineeti Chopra and her husband, politician Raghav Chadha, have become proud parents to…

2 hours ago

WhatsApp Tests Monthly Message Cap To Curb Spam And Unwanted Chats

WhatsApp is preparing to roll out a major update designed to curb spam and unwanted…

3 hours ago

Bullet Discovery At Hyderabad Metro Sparks Police Investigation

A 9 mm bullet was found in a commuter’s bag at Hyderabad’s Moosapet Metro Station,…

4 hours ago

Neurosurgeon Reveals Everyday Habits That Gradually Harm Brain Health

Neurosurgeon Dr Richard Veyna warns that poor sleep, stress, inactivity, and sugary diets can harm…

5 hours ago

Amazon Diwali Sale: Last-Minute Smartphone Deals You Can Grab Before October 20

Amazon Diwali sale ends October 20; grab last-minute deals on Samsung, Apple, OnePlus, Realme, and…

6 hours ago