EPFO Adds 19.94 Lakh Members In July

New Delhi: The Employees’ Provident Fund Organisation (EPFO) added 19.94 lakh net members in the month of July, marking the highest recorded increase since payroll data tracking began in April 2018, data from the Ministry of Labour and Employment showed on Monday.

The EPFO added 10.52 lakh new members in July, a 2.66 per cent increase over June and a 2.43 per cent rise compared to the same month last year.The surge in new memberships can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO’s successful outreach programmes, said Union Minister Dr Mansukh Mandaviya.

About 14.65 lakh members who had exited the system rejoined EPFO in July.