The Government of the Punjab, Finance Department, has announced a 12.05% annual markup rate on the State Provident Fund (General Provident Fund/GPF) for the financial year 2025-2026. According to the official notification, the revised GPF profit rate will apply during the financial year 2025-26 to eligible subscribers of the fund. The notification clarifies that this rate will not apply to subscribers who are entitled to a different rate of interest under the rules governing a particular provident fund. The announcement is important for Punjab government employees and GPF subscribers, as the applicable annual rate determines the profit credited to their provident fund balances. Employees can refer to the official Finance Department notification for the complete details, applicable rules, and exceptions regarding the GP Fund interest rate for 2025-26.
SUBJECT: RATE OF MARK-UP ON STATE PROVIDENT FUND i.e. GENERAL PROVIDENT FUND FOR THE FISCAL YEAR 2025-2026
I am directed to refer to this department’s letter of even number dated August 06, 2025 on the subject cited above and to state that it has been decided that a profit rate of 12.05% per annum shall apply during the financial year 2025-2026 to the State Provident Fund i.e. General Provident Fund. This rate, however, shall not apply in the case of subscribers who are entitled, under the rules of a particular fund, to a different rate of interest.
DEPUTY SECRETARY (RES) & ADMN)
Phone No. 042-99213511
NO. & DATED EVEN
A copy is forwarded to:-
1. All Heads of Autonomous/Semi Autonomous Bodies in the Punjab
2. All Heads of Development Authorities in the Punjab
DEPUTY SECRETARY (RES & ADMN)
FD(L)1-249/81-82(Part-I)
GOVERNMENT OF THE PUNJAB
FINANCE DEPARTMENT
Dated Lahore, August 17, 2026
From:
The Secretary,
Government of the Punjab,
Finance Department,
Lahore.
To
1. The Accountant General, Punjab, Lahore
2. All Administrative Secretaries in the Punjab
3. All Commissioners in the Punjab
4. All Deputy Commissioners in the Punjab
5. All District & Sessions Judges in the Punjab
6. The Registrar, Lahore High Court, Lahore
7. The Secretary Punjab Public Service Commission, Lahore
8. The Director General, Audit, Punjab, Lahore
9. All District Accounts Officers in the Punjab
10. The Treasury Officer, Lahore
Frequently Asked Questions (FAQs) About GP Fund Markup in Punjab
1. What is the General Provident Fund (GP Fund) for Punjab Government employees?
The General Provident Fund (GP Fund) is a provident fund facility for eligible
Government employees. Contributions made to the fund are maintained in the
employee’s GP Fund account and are subject to the applicable rules and markup
notified by the Government.
2. What is the rate of markup on the GP Fund for the fiscal year 2025-26?
The applicable markup rate for the State Provident Fund (GP Fund) for the
fiscal year 2025-26 is the rate notified by the competent Government authority.
Employees should refer to the official notification for the exact rate and
implementation details.
3. Does GP Fund markup apply to Punjab Government employees?
Yes. The GP Fund system is applicable to eligible provincial Government
employees of Punjab according to the relevant Punjab Government rules and
regulations.
4. Who maintains GP Fund records for Punjab Government employees?
The Office of the Accountant General Punjab processes GP Fund cases of
provincial employees, including GP Fund advances, transfer of balances and
final payments.
5. How is GP Fund markup credited to an employee’s account?
Markup is applied to the GP Fund balance according to the applicable
Government rules and the notified annual rate. The actual calculation
depends on the employee’s GP Fund balance and relevant accounting records.
6. Can a Punjab Government employee check their GP Fund balance?
Yes. Employees should maintain and verify their GP Fund records and can
approach the relevant office or Accountant General Punjab / District Accounts
Office for matters relating to GP Fund balances and transactions.
7. What documents are required for a GP Fund advance?
According to Accountant General Punjab, a GP Fund advance case may require a
properly completed Form-5 for temporary advance or Form-6 for permanent
advance, the required sanction, signature of the sanctioning authority and
other supporting documents.
8. What is the difference between a temporary and permanent GP Fund advance?
A temporary advance is processed under the applicable GP Fund rules for
specified purposes and recovery conditions, while a permanent advance is
governed by the relevant rules and applicable limits.
9. Is GP Fund subscription mandatory for Punjab Government employees?
GP Fund subscription requirements depend on the applicable Government rules
and the employee’s service status. Accountant General Punjab states that
subscription is mandatory during Foreign Service and Extraordinary Leave
(EOL) periods.
10. What happens to the GP Fund after the death of a Government employee?
In the event of death of a GP Fund subscriber, the final payment is processed
according to the applicable GP Fund rules. The claimant or family may be
required to provide the prescribed documents and evidence establishing the
legal entitlement.
11. Can a GP Fund subscriber nominate more than one person?
Yes. Accountant General Punjab states that nomination can be made in favour
of more than one person, with the share of each nominee clearly indicated
in terms of the amount payable, subject to the applicable rules regarding
eligible family members.
12. What is the processing time for a GP Fund advance or final payment case?
Accountant General Punjab states that, on average, a GP Fund advance or
final payment case takes about 7 days to process, while a GP Fund transfer
case takes about 5 days, subject to the case being complete and meeting the
required conditions.
13. Where can Punjab Government employees get GP Fund forms?
GP Fund forms, including Form-5 for Temporary Advance, Form-6 for Permanent
Advance and the GP Fund Transfer Form, are available through the official
Accountant General Punjab resources.
14. What should an employee do if their GP Fund balance is incorrect?
The employee should contact the concerned office, DDO, District Accounts
Office or Accountant General Punjab and provide supporting evidence such as
deduction records, pay slips or other relevant documents to resolve missing
or incorrect GP Fund credits.
15. Is GP Fund markup the same every year?
No. The applicable markup rate may be revised or notified for different
fiscal years. Employees should therefore check the latest official
notification for the relevant financial year rather than relying on an
earlier year’s rate.
16. Where can I find the official GP Fund rules for Punjab Government employees?
The official Accountant General Punjab website provides access to the
Punjab Government GP Fund Rules along with other provincial Government
rules and regulations.
Important Note
The information above is provided for general guidance. The applicable GP Fund
markup rate, eligibility, calculation method, documentation and payment
procedure should always be verified from the latest notification and rules
issued by the competent authority of the Government of Punjab.
