Yes, it is mandatory under the Minimum Wages Act and the Shops and Establishments Act. If a wage slip is issued and the salary is credited to the employee's designated bank account, it constitutes sufficient compliance. The signature of the employee on the wage register, affixing a revenue stamp, is not necessary under the Payment of Wages Rules as amended.
I hope I have addressed the query to the best of my knowledge and in my considered opinion.
Regards,
Dr. KSN Sarma