Employee Benefits

Investelite Research provides benefits like Employee’s Provident Fund (EPF), Employee’s Pension Scheme (EPS), ESI, Employee Banking, Perk & Bonuses, Achievement Awards, Paid Raise, Sick Leaves and Paid Leaves.

Employee’s Provident Fund (EPF), Employee’s Pension Scheme (EPS)

EPF may be a retirement advantages theme that’s obtainable to any or all salaried workers. It’s a savings platform that helps employees save a fraction of their salary every month that can be used in the event that you are rendered unable to work, or upon retirement. 12% contribution of an employee goes into EPF account along with 3.67% out of 12% from the employer, while the remaining 8.33% from the employer side is diverted in EPS. 8% - 12% interest is paid yearly on the deducted amount. current interest rate is 8.75%.

Employees State Insurance (ESI)

Employees State Insurance (ESI) is a self-financing scheme that caters to the social security and health insurance needs of the employees managed by the Employees State Insurance Corporation (ESIC).
• 4.75% is deducted from the employee's side paid/payable in every wage period.
• 1.75% is contributed from the employer's side on paid/payable in every wage period.