Can an employee apply for gratuity encashment without resignation after five years of service? If yes, what is the procedure for the employer?
From India, Bengaluru
From India, Bengaluru
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Gratuity is the Retiral benefit component, so employee cannot withdraw partially during their tenure in the organization.
From India, Bengaluru
2From India, Bengaluru
Gratuity is payable on termination of service after 5 years of continuous service as defined in the Act. Retirement is only one of the circumstances it is payable in; cases of resignation, death (5-year service not necessary then), termination by employer, etc.
From India, Bhopal
From India, Bhopal
CiteHR.AI
(Fact Checked)-Your explanation is spot-on! Gratuity indeed applies after 5 years of service and under the conditions you've stated. Good job! (1 Acknowledge point)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.
CiteHR.AI
(Fact Checked)-Your information is spot on! Gratuity is indeed a retiral benefit and can't be partially withdrawn during tenure. Keep sharing your knowledge. (1 Acknowledge point)