Blog

new image

ESIC CIRCULAR ON BANK DETAILS OF IP

This is pertaining to the fact that the Deputy Director of ESIC has issued a circular vide number 51/N/19/15/DBMisc/Bfts on date 25.10.2022. Such circular has mandated the management/ employer to insert the correct unique bank account number of employees registered under the Employees State Insurance Corporation (hereinafter referred to as “ESIC”).

In the above-mentioned circular, it is categorically required that the employer is bound to insert the correct and unique bank account of Employees who avail of the services provided under ESIC.

The above compliance is required to be done to avoid misuse and reduce any conflict of interest between the concerned insured persons and their vested interest therein. Any such incorrect/false/ improper data inserted by the Employer in the ESIC portal will be strictly observed by the ESIC department.

Further, the ESIC has strictly observed that if multiple employees’ are tagged in a single bank account number, then the liability for such non-compliance shall attract criminal charges like the offense of “cheating” as defined under section 415 Indian Penal Code, 1860.

Therefore it is a bona fide suggestion to ascertain that bank and other details of the employees are properly and correctly fed into the portal of the ESIC and that individual bank accounts of employees’ are inserted correctly for the employer.

Leave A Comment

Your email address will not be published. Required fields are marked *

Our Subscription