Payment of Gratuity to the employees of CPSE Payment of Gratuity to the employees of CPSEs-Clarifications Amendment in the Payment of Gratuity Act, 1972, regarding enhancement of ceiling of gratuity from Rs.10 lakhs to Rs.20 lakhs and effective date … [Read more...]
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UFBU writes to Finance Minister regarding Gratuity Ceiling
UFBU writes to Finance Minister regarding Gratuity Ceiling UNITED FORUM OF BANK UNIONS (AIBEA-AIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC-NOBW-NOBO) C/o, state Bank of India, LHO, Plot No-I, sector-17A. chandigarh - 160 017 Phone (office) : … [Read more...]
Retirement Gratuity Ceiling hiked to Rs.20 lakh for bank employees and officers
Retirement Gratuity Ceiling hiked to Rs.20 lakh for bank employees and officers - AIBEA Joint Ciruclar on Gratuity Ceilin CIRCULAR TO ALL UNITS & MEMBERS March, 2, 2017 Dear Comrades, Improvements in Gratuity under Gratuity Act Our units are … [Read more...]
Rationalisation of Death Gratuity by 7th Pay Commission
Rationalization of Death Gratuity by 7th Pay Commission The Commission has received representations pointing to a need for rationalization of current slabs for death gratuity, especially for the slab of 5 to 20 years of qualifying service in which … [Read more...]
7th CPC increased Gratuity Ceiling limit – 20 lakh from 1.1.2016
Gratuity Ceiling limit Increased to 20 lakh from Jan 2016 The 7th Pay Commission recommends increasing the ceiling of gratuity from ₹10 lakh to ₹20 lakh, effective from 01.01.2016. The Department of Pension and Pensioners Welfare suggests indexing … [Read more...]