EPFO Reports 4% Drop in New Member Additions to 10.9 Million for 2023-24.

Economy Business

EPFO's new subscriber additions dropped by over 4% to 10.9 million in 2023-24, down from 11.5 million the previous year, according to the MoSPI's 'Payroll Reporting in India' report. The Employees' Provident Fund Organisation recorded 10,993,119 new members during this period, compared to 11,498,453 in 2022-23.


      The new addition of subscribers increased under NPS to 937,020 in 2023-24 from 8,4,735 in 2022-23.

      Hindi The gross addition of new members was 13,944,349 in 2018-19.

      Hindi ESIC's new member additions decreased slightly to 16.76 million in 2023-24 from 16.77 million in 2022-23.

 

     


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