&nbsp;The Employees' Provident Fund Organisation (EPFO) on Monday announced a net addition of 16.10 lakh members in February this year. The year-on-year analysis reveals a growth of 3.99% in net payroll additions compared to the same month last year, reflecting increased employment opportunities and heightened awareness of employee benefits, bolstered by the EPFO's effective outreach initiatives, according to an official statement.&nbsp;
The figures further showed that the EPFO enrolled around 7.39 lakh new subscribers in February 2025, with a dominance of the young 18&ndash;25 age group. As many as 4.27 lakh new subscribers were added in this age group, constituting a significant 57.71% of the total new subscribers added in the month. This is in consonance with the earlier trend, which indicates that most individuals joining the organised workforce are youth, getting into their first jobs.
Further, the net payroll addition for the age group 18&ndash;25 for February 2025 is approximately 6.78 lakh. This represents a growth of 3.01% from the same month last year, the statement said.
Approximately 13.18 lakh members, who had exited earlier, rejoined the EPFO in February 2025. This figure depicts a significant 11.85% year-over-year growth compared to February 2024. These members switched their jobs and re-joined the establishments covered under the ambit of the EPFO and opted to transfer their accumulations instead of applying for final settlement, thus safeguarding long-term financial well-being and extending their social security protection, the statement said.&nbsp;
Around 2.08 lakhs new female subscribers joined EPFO in February 2025. It depicts year-over-year growth of 1.26% compared to the same month of the previous year.&nbsp;
Further, the net female payroll addition during the month stood at around 3.37 lakh, a significant year-over-year growth of 9.23% compared to February 2024. The growth in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce, according to the statement.
State-wise analysis of payroll data denotes that the top five states/UTs constitute around 59.75% of net payroll addition, adding a total of around 9.62 lakh net payroll during the month. Of all the states, Maharashtra leads all the states with the addition of 20.9% of net payroll during the month. The states/UTs of Maharashtra, Tamil Nadu, Karnataka, Gujarat, Haryana, Delhi, Telangana, and Uttar Pradesh individually added more than 5% of the total net payroll during the month.
&mdash;IANS
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18–25 age group dominates EPFO joins in Feb 2025 (File Photo)

EPFO sees 3.99% YoY payroll growth in Feb, showing more jobs and better benefit awareness

EPFO Adds 16.1 Lakh Members in Feb 2025

EPFO sees 3.99% YoY payroll growth in Feb, showing more jobs and better benefit awareness

April 21, 2025 | 17:44 IST