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About Funds Department
The J&K Funds Organisation has been established vide govt. Order No.88-F of
1984 dated: 05-03-1984 for maintenance of the G. P. Fund accounts of the State government
employees (Superior) w.e.f. 01-04-86 who’s accounts were hither to being maintained
by Accountant General J&K. The Organisation is maintaining the individual ledger
Accounts in respect of G. P. Fund & S.L.I subscriptions/Premiums deducted monthly
from each Government Employee including subscribers belonging to IAS/IPS and IFS
cadres.
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Information Technology (IT) in Funds
The project GENPROFIT System has been designed
and developed for Funds Department of Government of J&K, for the computerization
of subscriptions made by the employees who keeps their hard earned money with the
Fund Office. In Year 1986 onwards Accountant General Offices on the request of Government
of J&K allowed the Funds Department to maintain the details of subscriptions
made by each department.
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Objectives
Citizens can seek information from the
J&K Funds Organisation from in-charge of the offices at District units or from
the Divisional Head quarters on any working day during office hours. Such information
can also be sought by approaching the concerned controlling officer through ordinary
post provided the citizen seeking such information has to follow the procedure provided/laid
down in the Right to Information Rules.
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GP Fund Manual
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SLI
Life Insurance with the J&K
State Insurance Fund shall be compulsory for all employees of the State (excluding
those to be stipulated) whose age next birthday is 18 or over but not overage 45
years.
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Interest Rates for GPF
2006-2010 8%
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