Team Blitz India
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) has added 17.89lakh net members in the month of June, 2023. The data reveals that 3,491establishments have extended social security cover of EPFO to their employees by remitting their first ECR during the month.
Month-on month comparison of payroll data shows a growing trend in enrollment with an increase of around 9.71% net members over the previous month of May, 2023.The overall remittance also testifies the highest numbers in the last eleven months, since August, 2022.
The data indicates that around 10.14 lakh new members have enrolled during June, 2023 which is highest since August, 2022. Among the newly joined members, the age-group of 18-25 years constitutes 57.87% of total new members added during the month.
