EPFO payroll data for November 2024 released; net member addition in top 5 states, UTs around 59.42 pc

EPFO's November 2024 payroll data shows a 9% increase in net member addition, with Maharashtra leading at 20.86%. Over 14.63 lakh members added, highlighting significant growth.

EPFO

EPFO

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Around 14.63 lakh members were added in the month of November 2024 as per the provisional payroll data released by the Employees' Provident Fund Organisation (EPFO). This indicates an increase of 9.0 percent in net member addition in the month of November compared to the previous month of October 2024.

The state-wise analysis of EPFO payroll data denotes that net member addition in the top five states/ UTs constitutes around 59.4% of net member addition, adding a total around 8.69 lakh net members during the month. 

Of all the states, Maharashtra is leading by adding 20.86% of net members during the month. The states/UTs of Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat, Delhi, Telangana and Uttar Pradesh individually added more than 5% of the total net members during the month.

EPFO enrolled around 8.74 lakh new members in November 2024. The new members’ addition shows an increase of 16.58% when compared with previous month of October 2024. Further, year on year analysis reveals a growth of 18.80% in the new members' addition from the previous year in November 2023.

The payroll data highlights that approximately 14.39 lakh members exited and subsequently rejoined EPFO. This figure represents 11.47% increase compared to the previous month of October 2024. It also depicts a significant year-over-year growth of 34.75% compared to November 2023.

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