- 7 lakh new subscribers added in the 18-25 age group, constituting a significant 57.07% of the total new subscribers added in January 2025
- out of the total new subscribers added during the month, around 2.17 lakhs are new female subscribers
- The states/UTs of Maharashtra, Karnataka, Tamil Nadu, Gujarat, Haryana, Delhi, Uttar Pradesh and Telangana individually added more than 5% of the total net payroll during the month.
NE BUSINESS BUREAU
NEW DELHI, MAR 21
Retirement fund body the Employees’ Provident Fund Organization (EPFO) has released provisional payroll data for January 2025, revealing a net addition of 17.89 lakh members. An increase of 11.48 per cent has been registered in net payroll addition during the current month as compared to the previous month of December 2024. Further, the year-on-year analysis reveals a growth of 11.67 per cent in net payroll additions compared to January 2024, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives.
EPFO enrolled around 8.23 lakh new subscribers in January 2025. The new subscribers’ addition shows year on year growth of 1.87 % from the previous year in January 2024.
A noticeable aspect of the data is the dominance of the 18-25 age group, 4.70 lakh new subscribers added in the 18-25 age group, constituting a significant 57.07% of the total new subscribers added in January 2025. New subscribers in the 18-25 age group added in the month shows a growth of 3.07% from the previous year in January 2024.
Further, the net payroll addition for the age group 18-25 for January 2025 is approximately 7.27 lakh reflecting an increase of 6.19% compared to the previous month of December 2024 and a growth of 8.15% from the previous year in January 2024. This is in consonance with the earlier trend which indicates that most individuals joining the organized workforce are youth, primarily first-time job seekers.
State-wise analysis shows that the top five states/ UTs constitute around 59.98% of net payroll addition, adding a total around 10.73 lakh net payroll during the month. Among the state, Maharashtra lead by adding 22.77% of net payroll during the month. The states/UTs of Maharashtra, Karnataka, Tamil Nadu, Gujarat, Haryana, Delhi, Uttar Pradesh and Telangana individually added more than 5% of the total net payroll during the month.
The payroll data highlights that approximately 15.03 lakh members exited and subsequently rejoined EPFO. This figure depicts a significant year-over-year growth of 23.55% compared to January 2024.
Gender-wise analysis of payroll data unveils that out of the total new subscribers added during the month, around 2.17 lakhs are new female subscribers. This figure exhibits significant year-over-year growth of 6.01% compared to January 2024. Further, the net female payroll addition during the month stood at around 3.44 lakh reflecting an increase of 13.48% compared to the previous month of December 2024. It also depicts a significant year over year growth of 13.58% compared to January 2024.
