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New Delhi, May 20 (Hindustan Times). Employees Provident Fund Organization (EPFO) has added 13.40 lakh members on net basis in the month of March. Along with this, a total of 1.39 crore members took membership of EPAFO in the last financial year 2022-23. EPFO added 1.22 crore members on net basis in the previous financial year 2021-22.
The Ministry of Labor and Employment said in data released on Saturday that 13.40 lakh members joined EPFO in March. Out of this, around 7.58 lakh new members have come under the ambit of EPFO for the first time. At the same time, during the financial year 2022-23, about 1.39 crore members have been added on net basis with an increase of 13.22 per cent year-on-year, while in the previous financial year, there was a net addition of 1.22 crore members.
According to EPFO, the body that manages pension funds in the country, the maximum number of new joining members was in the 18-21 age group. The number of these members was 2.35 lakh. This was followed by 1.94 lakh members in the 22-25 age group, while new members in the 18-25 age group accounted for 56.60 percent of the total members added in March. According to the data, around 10.09 lakh members have re-subscribed. On the other hand, 2.57 lakh women members were added by gender in March, which is 19.21 percent of the total members added this month.
