One employee of a CPSU has joined another PSU after resignation. Kindly let me know whether the Gratuity payable to him by the previous employer is to be paid directly to him or if it is to be transferred to his new employer. Also, share any statutory provisions on this.
Please let me know if you need any further assistance.
From India, Delhi
Acknowledge(0)
Amend(0)
Please let me know if you need any further assistance.
From India, Delhi
Acknowledge(0)Amend(0)
Hi,
Gratuity will not be transferred to his new employer. If a company had deposited an amount towards the Gratuity fund in the LIC or in any bank where the company has its account, after submitting the claim form to the LIC or any bank, then the gratuity amount will be transferred first to the company account, and from there, it will be transferred to the individual account to ensure proper accountability.
From India, Delhi
Acknowledge(0)Amend(0)
Gratuity will not be transferred to his new employer. If a company had deposited an amount towards the Gratuity fund in the LIC or in any bank where the company has its account, after submitting the claim form to the LIC or any bank, then the gratuity amount will be transferred first to the company account, and from there, it will be transferred to the individual account to ensure proper accountability.
From India, Delhi
Acknowledge(0)Amend(0)
I know somebody's experience with transferring gratuity from one CPSU to another CPSU. According to the calculation (clubbing both services), he was supposed to receive Rs. 8.5 lakh. However, he only received Rs. 3.5 lakh because the ceiling limit on gratuity at that time was Rs. 3.5 lakh.
Hence, it would be advisable not to transfer the gratuity but to avail it separately.
Abbas. P. S.
From India, Bangalore
Acknowledge(0)Amend(0)
552Hence, it would be advisable not to transfer the gratuity but to avail it separately.
Abbas. P. S.
From India, Bangalore
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.