When paying social insurance premiums, do you directly hand over the money to the social insurance agency?

Xiao Zhang has worked for five years, and the unit has paid him five insurances and one gold. Xiao Zhang's cousin just graduated, and she doesn't know about paying social insurance. I'm here to consult my cousin Xiao Zhang who has worked for several years. Cousin asked Xiao Zhang: How to pay the social insurance of your unit? Will it be good to give the money directly to the social insurance agency when you pay it? Everything in Xiao Zhang's unit is handled by the company. Where did I know these questions? I was immediately deceived: yes, I paid insurance for five years. Whose hand did the money go to? Did it go directly to the agency?

According to Article 10 of the Regulations on the Administration of Reporting and Paying Social Insurance Premium, the employer does not directly hand over the money to the social insurance agency, but pays the social insurance premium to its bank or other financial institution with the payment notice issued by the social insurance agency within the prescribed time limit. Of course, the employer can also pay social insurance premiums in other ways agreed by the employer and the social insurance agency within the prescribed time limit with the payment notice issued by the social insurance agency. According to the law, social insurance agencies and employers can sign agreements with banks or other financial institutions, and entrust banks or other financial institutions to withhold and remit social insurance premiums for employers and their employees according to the collection vouchers issued by social insurance agencies.

Regulations on the administration of declaration and payment of social insurance premiums

Article 10 The employing unit shall pay social insurance premiums in one of the following ways within the prescribed time limit with the payment notice issued by the social insurance agency:

(1) Payment to banks or other financial institutions; (two) other ways agreed with the social insurance agency.

Social insurance agencies and employers can sign agreements with banks or other financial institutions, and entrust banks or other financial institutions to withhold and remit social insurance premiums for employers and their employees according to the collection vouchers issued by social insurance agencies.

Social insurance premiums paid by employers shall be collected separately by social insurance agencies, but shall be paid in banks or other financial institutions or by other agreed means.