EPFO has introduced the ECR 2.0 for online collection of remittances through multi-banking. After introduction of the Unified Portal system for remittance of contributions, real time monitoring of the remittance position of the establishments has become a reality.
The salient features and sequence of action are as follows –
- An SMS alert shall be sent on 16th/17th of every month to those employers who have made at least one contribution during the last 3 months but failed to contribute during the month, informing the due date for payment and advising them to pay the EPF & other contributions to avoid damages and interest for late 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 3 months but have not remitted any contribution during the month.