Ministry of Labour & Employment, Government of India
Head Office
Bhavishya Nidhi Bhawan, 14, Bhikaj Cama Place, New Delhi -11006

Web Circulation

No. Bkg./1(4)2010/Online Remittance/Vol.II/517

Date: 16th August, 2016


All RPFCs/In-charge of Regional Sub-Regional Offices

Subject: Mandatory Deposits of contribution through Internet Banking- reg.

Ref: This office circular No. Bkg./1(4) 2010 Online Remittance/Vol.II/39659 dated 12.02.2016


As per the report received from SBI the staus of collection of contribution in the month of July-2016 is given below:

Total Collections Collection through Internet Banking % Collection Internet Banking Collection through cheque % through cheque
In Amount (Rs.) 9576 cr. 9099 cr. 95.02% 477 cr. 4.98%
In Challans 593907 546942 92.09% 46965 7.91%

2. On the above subject matter the Central Government had notified on 5th May, 2015 the amendments in Para 38(1) and 48 of EPF Scheme, 1952 maaking it mandatory for employers to payment the statutory contributions through Internet Banking only.

3. On-going through the data received from SBI it is noticed that 46965 (details enclosed) challans are deposited through cheque. Accordingly, it is requested to identify the establishments depositing their contributions through cheque, and ensure that all contributions received through internet banking.

[Issues with the approval of RPFC-l(F&A)]

Your faithfully

(Vishal Agarwal)

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