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Section 36: Yearly Statement of Account

The Karnataka General Provident Funds Rules, 2016.State Rules of Karnataka · 1990

(1) As soon as possible after the close of each year, the Accounts Officer shall send to each subscriber a statement of his account in the Fund showing the opening balance as on 1st April of the financial year, the total amount credited or debited during the year, the total amount of interest credited as on 31st March of the financial year and the closing balance on that date. The Accounts Officer shall attach to the statement of account an enquiry whether the subscriber.

(2) As soon as possible after end of each financial year, the Accounts Officer shall prepare a statement of account of each subscriber in the Fund showing the opening balance as on the 1st April of the financial year, the total amount credited or debited during the year, the total amount of interest credited as on the 31st March of the year and the closing balance on that date. The Accounts Officer shall upload such statement in its official website. The Accounts Officer shall attach to the statement of account an enquiry whether the subscriber.-

(a) desires to make any alternation in any nomination made under Rule 9; or under the corresponding rule heretofore in force;

(b) has acquired a family in cases where the subscriber has made no nomination in favour of a member of his family under the proviso to sub-rule (1) of Rule 9.

(3) Subscribers should satisfy themselves as to the correctness of the annual statement, and errors should be brought to the notice of the Accounts Officer within three months.

(4) The Accounts Officer shall, if required by a subscriber, once, but not more than once, in a year, inform the subscriber of the total amount standing to his credit in the Fund at the end of the last month for which his account has been updated.

Where this provision sits

ActThe Karnataka General Provident Funds Rules, 2016.
Section36
Marginal noteYearly Statement of Account
JurisdictionState of Karnataka
StatusIn force as published by the source

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