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P.F. Section

P.F. Section

The functions of the P.F. Section, Finance & Accounts Department are;

 

  • to maintain the accounts of the subscribers to the General Provident Fund(G.P.F), Contributory  Provident Fund  (C.P.F) and  New Pension Scheme (N.P.S);
  • to keep record of nominations filed by the subscribers of G.P.F and C.P.F;
  • to examine applications for loans/withdrawals from the General Provident Fund and Contributory  Provident Fund and to obtain orders of the competent authority thereon;
  • to maintain the proceedings of the meetings of the Provident Fund Committee;
  • to deal with cases of final payments of the G.P.F and C.P.F of a subscriber;
  • to prepare and render an annual account of each subscriber to the G.P.F and C.P.F;
  • to put up proposal for the investment of available surplus balances in the provident Fund;
  • to submit proposal regarding determination of the rate of interest to be allowed to the subscribers to the Provident fund each year;
  • to prepare annual balance Sheet of Provident Fund; to transfer N.P.S contribution of subscribers to the Central Record keeping Agency;
  • to deal with cases of final payments of the N.P.S of a subscriber and forward the application to Central   Record Keeping Agency for payment;