Introduction Of Real Time System In EPFO Default Management

EPFO has introduced the ECR 2.0 for Online Collection of remittance through multi-banking. After introduction of UPS for remittance of contribution, the real time monitoring of remittance position of the establishment has become reality.

EPFO circular No. CAIU/011(52)16/principal employer portal & CAMS dated April 25, 2017 Subject - Introduction Of Real Time System In EPFO Default Management has promulgate that it is in process of making a default management system and the EPFO has laid down some of the salient features, which include,

• An SMS alert being sent on 16th/17th of every month to those employers who have made atleast one contribution during the last three months but failed to contribute during the month, informing them the due date for payment.
• Thereafter an E-Mail communication shall be sent between 20th to 25th of every month to all those balance establishments who had remitted any contributions during the last three months but have not remitted any contribution during the month.
• Simultaneously, field offices shall be supplied the list of all such balance establishments for their own viewing in protected view in MIS Portal.
• The officers-in-charge have been directed take action against the establishments who have not remitted their contribution.
• It is further proposed to publish defaulting establishments in EPFO Website for public view.

Thus, the EPFO has set up a system of sending alerts to ensure timely payments and at the same has issued strict instructions to officers to take action on non-remittance and for publishing defaulter list in the EPFO website. This is to enable employers to make timely remittances

For Notification visit - Board HR Notification Linked