The Employees’ State Insurance Corporation (ESIC) has made it mandatory to enter mobile number and bank account details of an employee for registering them as an insured person. This was earlier reflected on the ESIC website and has now been made mandatory with a 29th June, 2020 Circular.
From 1st July, 2020 the mobile number and bank account details will be mandatory fields that must be filled by employers while registering a new Insured Person. The mobile number will be validated by the system through One Time Password Verification sent to the mobile number. In addition to providing the IFS Code and account number of the employees, the employer must also scan and upload attested copy of the front page of cancelled cheque that shows the Name of the Account Holder, Bank Name, Bank Branch and IFS Code. The same must be stamped and bear the signature of the Employer.
The mobile number and bank account details of existing Insured Persons can be updated by logging onto the employer portal.
ESIC has also intimated that from 1st July, 2020 cash benefits/ claims reimbursements will only be settled if correct bank account details of the beneficiary are available in the system.
Objective :
This step has been taken by ESIC to bring transparency and improve the efficiency in the disbursement of ESIC benefits and reimbursement of claims.
Source: Employees’ State Insurance Corporation
