The Employees State Insurance Corporation (ESIC) on January 23, 2024, issued the Revision in the monthly automatic limit and transfer of funds.
The following has been stated namely: -
• The proposal for revision of monthly automatic limit of the units with the approval of the Head of the office must be sent before January 31, 2024.
• The following facts should be taken into consideration while sending the proposal: -
a. The fund request must be raised according to the Standard Operating Procedure (SOP).
b. The fixed limit will be transferred before 2 days of the last working day in every month. This fixed monthly transfer will not cover "other Administrative Expenditure". Hence the proposal of fixed limit should only comprise Salary/Pension. PDB/DB and other cash benefits amount.
c. Fund request should be raised for any other expenditure.
d. The concerned cash branch of accounting units should initiate the proposal for revision of the limit and place it before his Finance & Accounts Branch.
• All the accounting units are hereby advised to submit the fixed monthly Proposal in the following format on mail at [email protected] followed by a hard copy.
[Notification No. F-23/18/11/D/M/2009 - A/cs.II]
