From DG's Desk

Funds organization since its inception in 01.04.86, has been maintaining the GPF & SLI accounts of the employees of the UT of J&K. GPF account was till then maintained by the Accountant General J&K and only GPF accounts of class IV employees used to be maintained by twoprovincial level office of state Finance Department. Funds Organization also maintains State Life Insurance (SLI) accounts of government employees who subscribe premium to SLI which is mandatory for Govt employees. The GPF as well as SLI subscriptions are deducted monthly from each Government employee pay bill as per rules in vogue. As on date funds organization is maintaining about 3.40 lakh GPF accounts and about one lakh SLI accounts (excluding UT of Ladakh). We have district fund offices in all the districts of the UT of J&K, beside move office in secretariat and police head quarters. District fund offices are headed by CAO / AO and manned by hardworking and dedicated staff of funds organization who in spite of many bottle necks are accomplishing their job in a time bound manner.

It gives me immense pleasure on seeing that our organizations has progressed leaps and bounds in its mission of maintaining the GPF and SLI accounts of our esteemed subscribers in clean and transparent manner. we have been among the first organizations in the erstwhilestate of J&K which shifted its working from manual mode to offline in 2007 and then from offline to online mode during 2018-19. Shifting to online mode, led to complete computerization of all the district funds offices of the UT of J&K, which improved the working of funds organization drastically. The aim was to maximize the technological intervention, to improve the working and provide satisfactory service to our esteemed subscribers.

It is heartening to inform you that in order to take the initiative of maximum technological intervention in the working of funds organization further ahead, organization has started the Real Time Posting of subscriber accounts from the month of August 2020.

Funds organization in its endeavor to serve its esteemed subscriber better has been providing certain e services which include:

  1. SMS alerts
  2. Know your balance

SMS alert service was initiated some time back in order to alert the registered subscribers regarding the posting of their credits and debits in their respective ledger accounts. By this subscriber remain informed about the status of their subscription and the advances drawn. Subscriber who want to avail this service need to get themselves registered in the respective district fund offices by providing their in service/ operational cell number.

Know your balance service gives the subscribers view of the amount at their credit at the end of the financial year. Subscriber can obtain the information by logging in on the official web site of the organization which is Efforts are being made in consultation with the NIC to provide the information of the account on the monthly basis as soon as the credits and debits of the subscriber are posted in the account of the subscriber on real time basis.

It is and will be our endeavor to provide prompt and hassle free service to our esteemed subscribers and insurants, which among others shall include. Making the process of transferring of balances from one district to another on transfer of the subscriber more quick and easy.

Keeping the final withdrawal cases of the retiring subscribers ready month before the actual date of retirement of the final withdrawal case as is provided under general provident fund (central rules 1960). Providing of e schedules to the DDOs and subscriber. Providing annual ledger position to the SLI insurant and many more.

I would conclude with vote of thanks to all the officers and officials of the funds organization and would expect them to work with greater zeal towards our mission of providing best and hassle free service to our esteemed subscribers and insurants.