EPFO Adds Record 21.89 Lakh Net Members in June
Why in the news
The Union Labour Ministry reported that the Employees’ Provident Fund Organisation (EPFO) enrolled a record number of net members in a single month.
Key facts
- Net additions: 21.89 lakh members in June.
- Record: the highest since EPFO payroll data tracking started in April 2018.
- Month-on-month: up 9.14% against May.
- Year-on-year: up 13.46% against June 2024.
Comparison
| Benchmark | Change in net additions |
|---|---|
| Versus May | +9.14% |
| Versus June 2024 | +13.46% |
| Versus all months since April 2018 | Highest ever |
Exam angle
- Source of data: Union Labour Ministry; body: EPFO.
- Payroll tracking start: April 2018.
- Net additions: 21.89 lakh.