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Retirement fund body EPFO net added 16.94 lakh new subscribers in August 2022, registering a 14.4 per cent rise as compared to the year-ago period, according to official data. The provisional payroll data of the Employees' Provident Fund Organisation (EPFO) released on Thursday highlighted that of the total 16.94 lakh members added during August 2022, around 9.87 lakh have come under the ambit of the EPFO for the first time. Out of the 9.87 lakh new members added, approximately 58.32 per cent are from the age-group of 18-25 years. This age-group signifies a crucial stage for an individual's potential in terms of earning capacity and joining organised workforce in large numbers following their education. The data showed that during the month, approximately 7.07 lakh net members exited but rejoined EPFO by changing their jobs within the establishments covered by the EPFO and opted to transfer their funds from previous PF account to the current account instead of submitting claims for