
EPFO adds 18.75 lakh net members in July
Majority of new members joining EPFO are in the age group of 18-25 years, constituting 58.45% of total new members' additions during the month
Majority of new members joining EPFO are in the age group of 18-25 years, constituting 58.45% of total new members' additions during the month
The Employees' Provident Fund Organisation (EPFO) added 17.89 lakh net members in June
Central Board of Trustees in March had recommended an 8.15% interest rate for FY23; it is higher than the 8.1% approved in FY22
The Ministry of Labour & Employment on Tuesday said the last opportunity of 15 days is being given to removing any difficulty faced by the eligible pensioners/members.
Out of 13.40 lakh members added during the month, around 7.58 lakh new members have come under the ambit of EPFO for the first time.
According to the government, the timeline is being extended to facilitate and provide ample opportunity to the pensioners/members so as to ease out any difficulty being faced by them.
Out of 13.96 lakh members added during the month, around 7.38 lakh new members have come under the ambit of EPFO for the first time.
The interest rate would be officially notified in the government gazette after approval of the Ministry of Finance.
Out of 14.86 lakh members added during the month, around 7.77 lakh new members have come under the ambit of EPFO for the first time.
EPFO subscribers can now opt for higher pensions by applying jointly with their employers.