With a total 9.3 lakh new members, EPFO shows 9% growth in subscriber base

• Net addition of 18.53 lakh members to EPFO subscriber base.

• Growth of subscriber base was 9.07% from August 2023.

• Growth attributed to increased employment opportunities and awareness of employee benefits.

• 9.3 lakh new members added, 0.48% increase from August 2023.

• 18-25 age group comprised 59.26% of new members.

• 13.54 lakh members exited and re-joined EPFO.

• Net female member addition was around 3.79 lakh.

• Maharashtra led with 20.59% net members.