Epfo Payroll Data News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MUMBAI: The EPFO’s provisional payroll data released on 20th April, 2024 shows that EPFO has added 15.

The EPFO's provisional payroll data for February 2024 reveals a significant increase of 15.48 lakh net members, with the 18-25 age group constituting 56.36% of new additions. The data also shows a positive trend in female employment, with around 2.05 lakh new female members added during the month. The release highlights a diverse workforce, with growth seen in various industries. Overall, the data reflects a positive outlook for youth employment and inclusivity in the workforce.

However, this still represents a 6.07% growth compared to October 2022

The Employees Provident Fund Organisation (EPFO) in India saw a record high in formal job creation, adding 1.87 million net subscribers in July. However, formal jobs created under the Employees State Insurance Corporation (ESIC) fell by 1.9% to 1.98 million in July. The EPFO data shows a trend of increasing youth employment, with 58.4% of new workers in the 18-25 age bracket.

Provident Fund: The EPFO currently is offering an interest of 8.15 per cent. If any employees want to check their EPF balance, they can do it through SMS, missed call or UMANG app. -- aaa