FUNDS MANAGEMENT
FUND MANAGEMENT SERVICES
· Maintenance of Provident Fund records for Interest/Non-Interest bearing members.
· Updation of monthly Employee contribution
· Updation of matching monthly Employer Contribution
· Processing of Employees application for Temporary/Permanent withdrawal from Provident
Fund in accordance with the rules prescribed by the Income Tax Law/Trust Deed.
· Preparation of Final Settlements of Ex-Employees.
· Timely Knock off of all temporary/Permanent withdrawals and final settlements from
Provident Fund Balances.
· Deduction of Zakat, if any, from Permanent withdrawal/final settlement
· Maintenance of all investment records and notification of its maturity to the trustees.
· Accrual of Profits/Interest for the defined period of time.
· Calculation of interest rate for distribution among the members and updation in members
balances.
· Regular update of Income & all other heads of Profit/Loss.
· Preparation of Provident Fund accounts.
· Preparation of monthly Bank Reconciliation.
· Any other requirement of client.
