ESIC Online Payment
ESIC online payment is an autonomous corporation by a statutory creation under Ministry of Labor and Employment, Government of India. It provides self-financing social security and health insurance scheme for Indian workers. The collected fund is managed by the Employees State Insurance Corporation (ESIC) according to rules and regulations under ESI Act 1948.
The ESIC Online Payment corporation can raise loans and take measures for discharging such loans with prior sanction of the central government. The corporation can set up hospitals either independently or in collaboration with state government or other private entities.
Steps involved in making ESIC payment
Here, you will get to know about the online payment mode in ESIC online payment. All the steps and benefits are clearly mentioned below.
To make online payment, the employees need the following:
- ESIC user name and password and
- SBI net banking user name and password.
ESIC Online Payment of Monthly Contribution
Employees State Insurance Corporation has enabled the option of online payment of monthly contribution through SBI Net banking.
The employees need:
- ESIC login user name and password and
- SBI net banking user name and password.
After logging in the users can fill in their amount of monthly contribution and proceed to the payment gateway for the transaction.
How to Pay ESIC Payment Online
These are the step by step instructions for making ESIC online payment and the associated benefits.
Step – 1
Employees are advised to use following browsers for online transactions
- Mozilla Firefox 3.8 and above
- IE 7.0 and above.
Step – 2
Please type www.esic.in in the “address bar”. The page will automatically convert to
Step – 3
Login with ESIC User-id and Password
On successful login, the application displays the hyperlinks under each of the modules. On clicking each link it redirects to specific section.
Step – 4
Click on the Online Monthly Contribution Screens hyperlink. Then enter the amount of monthly contribution.
Step – 5
On Submission User will get “Preview” page. Then the employee is required to click on “Submit” to submit the Monthly Contribution details to Employees State Insurance Corporation.
Step – 6
On submission user can make Payments using “Online Payment via SBI Net-Banking” straightaway by clicking on “Pay Online”. Click on “OK‟ to proceed with Online Payment.
Step – 7
The e-challan will be generated and kindly note the challan Number for future reference and Click on Continue. This will re-direct to SBI Net banking landing page or PNB net banking which bank account is necessary.
Step – 8
Login with SBI Net-banking user-id and password
Step – 9
Select the internet banking account no and click on confirm button. Click on final confirm button. After clicking on Confirm button, success page will display.
Step – 10
The page will re-direct to ESIC online payment portal back with SUCCESS details automatically after few seconds or on clicking “Click here‟. Employees may print the page if necessary.
The ESIC online payment provides all the online facilities and grievance solving mechanism to facilitate the online payment. They provide full time support for the failed transactions and help the employees to sort out the problem in a hassle free manner.
Benefits of ESIC Online Payment
- The employees can easily make their ESIC online payment through e-challan.
- The net banking is the advanced method so that the time and human work is saved.
- The Net banking makes it more comfortable for the busy employees and it also encourages timely payment of the monthly contribution.
- They get Instant confirmation and the receipt for their payment.
Collection of Funds and Contributions
E.S.I. Scheme being contributory in nature, all the employees in the factories or establishments shall be insured in a manner provided by the Act. The contribution payable to the Employees state insurance Corporation (ESIC) in respect of an employee shall comprise of employer’s contribution and employee’s contribution at a specified rate. The rates are revised from time to time. Currently, the employee’s contribution rate is 1.75% of the wages and that of employer’s is 4.75% of the wages payable in respect of the employees in every wage period. Employees in receipt of a daily average wage up to Rs.100/- are exempted from ESIC online payment of contribution.
Contribution Period and Benefit Period of ESIC
There are two contribution periods each of six months duration:
- 1st April to 30th Sept
- 1st Oct to 31st March of the year following
There are two Benefit periods each of six months duration:
- 1st Jan of the following year to 30th June.
- 1st July to 31st December.
An employer is liable to pay his contribution in respect of every employee and deduct employee’s contribution from wages bill and shall pay these contributions at the above specified rates to the Employees state insurance Corporation within 21 days of the last day of the Calendar month in which the contributions fall due. The Corporation has authorized designated branches of the State Bank of India and some other banks to receive the payments on its behalf.
Not withstanding, such of those businesses who have not made installment through framework produced challan for any of the months, they are required to present the arrival of commitment in physical shape to the concerned Branch Office for ESIC online payment, they are at risk for indictment. At our we shared many EPF related information like check EPF balance, PF status EPF online payment and UAN activation status. So if you have any query then write in the below comment box, we will answering your question as son as early possible.