Criteria for EL encashment? Earned leave encashment can be done after how many years of service.

Earned leave encashment can be done after how many years of service. Criteria for EL encashment.

Earned leave encashment is typically allowed after a certain number of years of service. The specific criteria for EL encashment vary depending on the company's policies and regulations. Employees are advised to refer to the employee handbook or consult with HR to understand the eligibility requirements and process for encashing earned leave. It is important to follow the established procedures to ensure a smooth and timely encashment process.

As per the Karnataka Shops & Commercial Establishments Act, 1961, the balance of earned leave is eligible for encashment after resigning and relieving from service. However, as per policy, the employer can also introduce earned leave encashment while the employee is still in service.

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