On July 26, 2013, Beijing Social Insurance Management Center issued the Operation Method for Contributing Social Insurance via Bank. According to the notice, employers may choose to contribute social insurance premiums via 12 banks which are in cooperation with the Social Insurance Management Center. The notice also specifies such matters as registration, monthly reports of contribution, collection by banks, reconciliation and capital settlement, etc.
Employers who choose to contribute social insurance premiums via bank transfer should first agree with the deposit bank on the payment method (including batch, counter and e-bank withholding) and then sign an agreement on contributing social insurance premiums via bank transfer with the social insurance administration in the district or county where the employers are located.
Furthermore, the notice also provides that employers may apply for supplementary payment for the previous month on the 21st of each month.