Check the GPF statement government provident fund for government employees

General Provident Fund (GPF) Statement – Karnataka

The General Provident Fund (GPF) is a savings scheme available to government employees in India, including those working under the Karnataka State Government. It allows employees to contribute a portion of their salary towards long-term savings, with the option to withdraw under certain conditions. The GPF is governed by the provisions laid out in the Karnataka GPF Rules.

Eligibility

All permanent government employees, including those in pensionable services, are eligible to subscribe to the GPF. Temporary employees with at least one year of continuous service may also be allowed to join.

Contributions

Employees can voluntarily contribute a minimum of 6% of their emoluments, which includes basic pay and dearness allowance. The contribution is deducted monthly from the salary. The government does not contribute to the fund but pays interest annually, compounded yearly.

Interest Rate

The rate of interest is notified by the Ministry of Finance and is subject to periodic revisions. As of recent updates, the interest rate generally hovers around 7% to 8%.

GPF Account Statement

Each employee is provided with a GPF statement annually, detailing:

Opening balance

Monthly contributions

Withdrawals, if any

Interest credited

Closing balance

The Karnataka Treasury Department manages the GPF accounts and provides online access through its official website. Employees can log in using their GPF account number and registered credentials to view and download their statements.

Withdrawals and Advances

Subscribers are permitted to take temporary advances or make partial withdrawals for specific purposes like education, medical treatment, marriage, or purchasing a home. Final withdrawal is allowed upon retirement, resignation, or death.

Benefits

Tax benefits under Section 80C of the Income Tax Act

Secure savings with government backing

Facility to apply for loans or advances

Transparent and trackable transactions through digital access

Accessing GPF Statement

To check the GPF statement online:

Visit the Karnataka Treasury website.

CLICK TO OFFICIAL WEBSITE

Click on the GPF option.

New user must register using your department codes example as first three letters of department name in capital letters education department as EDN followed by your GPF account number, employees name as per GPF bond.

CLICK TO NEW REGISTRATION

Enter the GPF account number and other required details.

View or download the statement.

already registered users must follow the below link to download the GPF statement 

Users to enter the department series code of three capital letters and GPF account number and password and finally get the 3 years GPF statement.

CLICK TO DOWNLOAD GPF STATEMENT

If you will forgot the password of login then click on forgot password option, you will get the another pop up, you can enter the department user series, GPF account number, name as per records, date of birth and joining date to enter the government service and set the password finally submit. Then you can go through the login option.

CLICK TO FORGET GPF OPTION

Advances from the Fund(Temporary Advance)

A temporary advance (which should be a sum expressed in whole rupees) may be granted to a subscriber from the amount standing to his credit in the Fund at the discretion of the appropriate authority specified in the Schedule, subject to the conditions and provisions as per Rule16 andRule17 of KGPF Rules respectively, in Form-6 & Form-7.

No advance shall be granted unless the sanctioning authority is satisfied that the applicant's pecuniary circumstances justify it.

Sanctioning powers of Officers

(HOD-80%, JD&CO–75%, District Level Officer–70%)

RECOVERY OF ADVANCE

As per the provisions under sub-rule(1) of Rule18 of KGPF Rules,2016

An advance drawn shall be recovered from the subscriber in such number of equal monthly instalments as the sanctioning authority may direct, but such number shall not be less than twelve unless the subscriber so elects, or in any case not more than forty. A subscriber may, at his option, repay more than one instalment in a month. Each installment shall be a number of whole rupees, the amount of the advance being raised or reduced, if necessary.

Recovery shall commence on the first occasion after the advance is made, on which the subscriber draws pay or remuneration on Foreign Service for a full month.

SUSPENSION OF RECOVERY

As per the provisions under sub-rule(2) of Rule 18 of KGPF Rules, 2016-

Recovery shall not be made except with the subscriber’s consent, while he is in receipt of subsistence grant or is on leave salary or carries leave salary equal to or less than half average payas the case may be. The recovery may be postponed on the subscriber’s written request by the sanctioning authority during the recovery of an advance of pay granted to the subscriber.