The Employees’ State Insurance Corporation (ESIC) on March 21, 2025, issued the notification regarding the Review of cash balance of Account No. 1 & 2 as on March 31, 2025 and to transfer the unutilized amount into ESI Account No. 1 (Central).
The following has been stated namely: -
• As the Financial Year 2024-25will close on March 31, 2025, it is imperative to maintain the required minimum balance in all ESI accounts to prevent audit objections.
• Kindly ensure that the following instructions are adhered to: -
o Salary, Pension, and Benefit Payments: The fixed monthly limits for March 2025 salary, pension, and benefit payments will not be transferred in March. Hence, all fund requests for intermittent expenditures must be raised by March 27, 2025, no later than 11:00 AM to ensure timely processing of payments and avoid any pending liabilities.
o Transfer of Unutilized Funds: Any unutilized funds in Account No. 2 (including Branch Office, HDC-R&M, or other accounts) must be transferred to ESI A/c No. 1(Central) after ensuring the required minimum balance is maintained in each account, by the end of working hours on March 27, 2025.
o Fund Requests after March 27, 2025: Any fund requests raised on March 28, 2025 will not be entertained unless specifically approved by the competent authority.
o March 2025 Fixed Monthly Limit: The fixed monthly limit for March 2025 will be automatically transferred on April 02, 2025.
[Notification No. F-23/13/Specified Branch/04/A/cs-II]
