Group Gratuity Scheme

GRATUITY

Gratuity is a compulsory benefit to be provided to employees as per the Gratuity Act, 1972. It is a lump sum amount paid out to employees, once they are no longer a part of the company. An employee is eligible for payment of gratuity only if he or she fulfills the conditions specified under the Gratuity Act.

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  • Guaranteed interest rate

  • Built in Insurance arrangement for the employees for future service

  • Insurance cover for future service gratuity

  • Fund management under interest accumulation system

  • Claim settlement on exit as per company rules/gratuity act

  • MIS related to Income Tax and trusts accounts and Actuarial valuation.

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