EPFO net member addition rises 9.33% to 1.88 million in September

Quick Summary:

According to the statement, EPFO has released provisional payroll data for September 2024, revealing a net addition of 18.81 lakh members.This represents a 9.33 per cent year-on-year (YoY) growth compared to September 2023, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO's effective outreach initiatives.

Retirement fund body EPFO logged 9.33 per cent growth in net member additions in September at 18.81 lakh compared to the year-ago month, showed payroll data released on Wednesday.

Employees' Provident Fund Organisation (EPFO) enrolled around 9.47 lakh new members in September 2024, representing an increase of 6.22 per cent over September 2023, the labour ministry said.

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Category: BusinessFinance

Markets: India

Topics: Net member addition Investment EPFO September

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 00:38:50 (23 hours ago)

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News Source URL: business-standard.com

Language: English

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