The Employees’ Provident Fund Organisation (EPFO) recorded a net addition of 14.63 lakh members in November 2024, reflecting a 9.07 per cent increase from October 2024. Year-on-year, the data shows a 4.88 per cent rise compared to November 2023, highlighting growing employment opportunities and heightened awareness of employee benefits.
Female participation showed robust growth, with 2.40 lakh new female members added in November 2024, a 14.94 per cent increase from October 2024. Year-on-year, female membership additions surged by 23.62 per cent. Net female additions for the month were over 3.13 lakh, reflecting broader workforce inclusivity trends.
In November 2024, EPFO enrolled over 8.74 lakh new members, marking a 16.58 per cent increase from October 2024. Year-on-year growth in new memberships stood at 18.80 per cent, driven by increased job openings and successful outreach programmes.
The 18-25 age group accounted for 54.97 per cent of the total new additions, with 4.81 lakh new members. This demographic saw a 9.56 per cent rise from October 2024 and a 13.99 per cent increase compared to November 2023, reflecting the influx of young, first-time job seekers into the organised workforce.
Approximately 14.39 lakh members who had previously exited rejoined EPFO-covered establishments in November 2024. This represents an 11.47 per cent rise from October 2024 and a significant 34.75 per cent increase from November 2023. These members chose to transfer their provident fund accumulations rather than settle, ensuring continued social security benefits.
Top-performing states, including Maharashtra, Karnataka, and Tamil Nadu, contributed 59.42 per cent of net additions, with Maharashtra leading at 20.86 per cent. Industry-wise, significant growth was observed in sectors such as textiles, engineering, garment manufacturing, and expert services, which accounted for 38.98 per cent of total additions.
The payroll data remains provisional due to ongoing updates and adjustments. EPFO’s consistent reporting since 2018 underscores its role in monitoring workforce trends and supporting India’s employment landscape.
