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EPFO adds 17.89 lakh net members in January 2025; up 11.67% Y-o-Y

21 Mar 2025 Evaluate

Employees' Provident Fund Organization’s (EPFO) provisional payroll data for January 2025 has revealed a net addition of 17.89 lakh members in the month of January, exhibiting 11.67% Y-o-Y growth. EPFO has stated that this 11.67% Y-o-Y growth signifies employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives. It has stated that EPFO enrolled around 8.23 lakh new subscribers in January 2025 with subscribers from 18-25 age group contributing in 4.70 lakh new subscriptions constituting a significant 57.07% of the total new subscribers added in January. Further, the net payroll addition for the age group 18-25 for January 2025 is approximately 7.27 lakh, reflecting an increase of 6.19% compared to December 2024 and an 8.15% growth Y-o-Y. This is in consonance with the earlier trend, which indicates that most individuals joining the organised workforce are youth, primarily first-time job seekers, EPFO added.

The payroll data highlights that around 15.03 lakh members exited and subsequently rejoined EPFO, reflecting a 23.55% Y-o-Y growth as these members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement thus safeguarding long-term financial well-being and extending their social security protection. The Gender-wise analysis of payroll data unveils that out of the total new subscribers added during the month, around 2.17 lakhs are new female subscribers exhibiting 6.01%Y-o-Y growth, while the net female payroll addition during the month stood at around 3.44 lakh, reflecting increase of 13.48% Y-o-Y. The growth in female member additions is a indication of a broader shift towards a more inclusive and diverse workforce.

The industry wise month on month comparison of data indicates significant growth in the net payroll addition working in establishments engaged in industries like expert services, financing establishment, and road motor transport, among others. The expert services consisting of manpower suppliers, normal contractors, security services and miscellaneous activities contributed 39.86% in total net payroll addition. 


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