| EPF Registration |
Employees Provident Fund (EPF) is a scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the purview of the Employees’ Provident Fund Organisation (EPFO) which is one of the world’s largest social security organizations in terms of clientele and the volume of financial transactions undertaken. Basically, EPF is like a benefit to an employee during the retirement provided by the organisation (EPFO).
| ESIC Registration |
The government introduced the ESI scheme for Indian workers. ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation (ESIC). The ESIC is an autonomous body created by the law under the Ministry of Labour and Employment, Government of India.
ESI scheme provides social security to the workers. Employers and employees contribute a percentage of employee’s wages towards ESI every month. Huge variety of medical, monetary and other benefits are provided to workers covered under the ESI Act.
| ESIC Process |
Earlier, there was manual registration. Now, the ESIC registration is completely online. The following are the steps involved in ESIC Registration: