Payroll data shows that around 13.54 lakh members exited and later rejoined EPFO. This figure represents a year-on-year increase of 14.03% compared to August 2023. As per the data shared, these members changed their jobs and re-joined the establishments under the purview of EPFO and opted to transfer their accumulation instead of applying for final settlement, thus ensuring long-term financial well-being. Protected and expanded its Social Security protections. Gender-wise analysis of the payroll data shows that of the new members added during the month, about 2.53 lakh new members are women. This figure represents a year-on-year increase of 3.75% compared to August 2023.
Also, the net female member addition during the month stood at around 3.79 lakh. This represents a year-on-year increase of 10.41% compared to August 2023. The increase in the number of female members signals a broader shift toward a more inclusive and diverse workforce. State-wise analysis of payroll data shows that the total member growth in the top five states/UTs is around 59.17%, with around 10.97 lakh net member additions during the month. Maharashtra leads among all states with 20.59% net member addition during the month. The states/UTs of Maharashtra, Karnataka, Tamil Nadu, Haryana, Delhi, Gujarat, Telangana and Uttar Pradesh contributed more than 5% each of the total net members during the month.
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