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When & How to Pay SOCSO (PERKESO) Payments?

The Social Security Organization, better known as SOCSO, also goes by another name, which is Pertubuhan Keselamatan Sosial (PERKESO). SOCSO is a Malaysian based government agency that was founded and tasked with the responsibility of providing social security protections to Malaysian employees under the private sector.

Companies are required to make their SOCSO payments to the SOCSO offices no later than the last day of the following month.

 

Making Payments to SOCSO

SOCSO payments are handled by employers, and there are 3 main ways that they can go about making their contributions and payments each month. The methods of payment include:

 

  • Via Banks – If an employer opts to make SOCSO payments via the banks, they will be required to use the pre-printed SOCSO Contribution Form, or Boring Caruman Bulanan/Borang 8A. The banks that accept SOCSO payment transactions include the following:
    • Malayan Banking Berhad (Maybank)
    • CIMB Bank Berhad
    • Public Bank Berhad
    • Bank Muamalat
    • Pejabat Pos Malaysia (applicable for Sabah & Sarawak employers only)

    The locations listed above serve as collection agents, so employers are encouraged to keep a copy of proof of contributions for their own records in the event they may need it again in the future.

  • Via Internet Banking – For added convenience, employers are also able to make the monthly SOCSO payment contributions via the internet banking method. This is the latest payment method made available, and employers are encouraged to use Internet banking because of the ease and the convenience of the service.Internet banking will save employers cost, enhance productivity, is quick and immediate, the databases are updated instantly, reduces the cost of printing manual cheques, increased security and reduces staff and administrative costs.To do so, employers will need to be registered with the following banks:
    • CIMB Bank
    • Malayan Banking Berhad (Maybank)
    • RHB Bank
    • Public Bank

    Employers would need to open an account with any of the banks listed above, and register this SOCSO payment service by contacting the branch where the bank account was opened. Employers will then have to submit a completed application form, along with the name of the employee, and the SOCSO contribution data required.

  • Via SOCSO’s Offices – If you’re an employer who wishes to make payments directly as SOCSO’s offices itself, you would need to keep in mind that SOCSO only accepts payments in the form of cheques or postal money order. Employers would also need to submit these contribution records through a computer diskette, and payment must be made at the SOCSO office which they are registered at.