EPFO’s provisional payroll data highlights that EPFO

Solution

EPFO’s provisional payroll data highlights that EPFO has added 16.30 lakh net members in the month of May 2023.The data indicates that around 8.83 lakh new members enrolled during May, 2023 are highest during last six months. Among the newly joined members, the age-group of 18-25 years constitutes 56.42% of total new members added during the month. Gender-wise analysis of payroll data shows that out of total 8.83 lakh new members added during the month, around 2.21 lakh are new female members, joining EPFO for the first time. Also, the net female member addition stood at around 3.15 lakh. State-wise analysis of payroll data highlights that in terms of net member addition, the top 5 states are Maharashtra, Tamil Nadu, Karnataka, Haryana and Gujarat. These constitute around 57.85% of net member addition, adding a total of 9.43 lakh members during the month. Of all the states, Maharashtra is leading by adding 19.32% of net members during the month.