The Employees’ Provident Fund Organisation (EPFO) added 14.58 lakh net members during March 2025, registering an on-year increase of 1.15 per cent, according to the latest payroll data released on Wednesday.
It enrolled around 7.54 lakh new subscribers in March 2025, representing a 2.03 per cent increase over February 2025 and 0.98 per cent year-on-year y-o-y growth compared to March 2024, Ministry of Labour & Employment said in a statement.
A noticeable aspect of the data, said the Ministry, is the dominance of the 18-25 age group, as 4.45 lakh new subscribers of the same age group were added to the EPFO. This constituted a significant 58.94 per cent of the total new subscribers added in March 2025.
It also depicts a growth of 4.73 per cent from the previous year in March 2024.
The EPFO has released provisional payroll data for March 2025, revealing a net addition of 14.58 lakh members.
The y-o-y analysis reveals an increase of 1.15 per cent in net payroll additions compared to March 2024, the statement said.
Reasons for growth
This growth in new subscribers can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO’s successful outreach programs, it stated.
Approximately 13.23 lakh members, who had exited earlier, re-joined the EPFO in March 2025, a 0.39 per cent increase over February 2025 and 12.17 per cent y-o-y growth compared to March 2024.
These members switched their jobs and re-joined the establishments covered under the ambit of 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, it stated.