Gratutity - Transfer / Withdrawal - CiteHR
R.N.Khola
Labour Laws & Ir
Kilgoel
Accounts
+2 Others

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Dear all,
If I work for a company say for 2 years and than leave and join another company. Is it possible to transfer the Gratuity amount accumalated with last employer to the new Gratuity account with new employer. IF possible, please let know what is the procedure
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Dear Vikash,
Under the payment of Gratuity Act, 1972 we do not have any system of opening of any account of an employee.
With Regards,
R.N.Khola




Sir, I just wanted to know if possible to withdraw transfer Gratuity fund accumulated If Leave a company before 5 years. regards Vikash
Dear Vikash,

If your employer have any fund under any of the Gratuity Rules then you should go through those Rules for provisions of fund accumulation, its transfer & withdrawal but the Payment of Gratuity Act, 1972 do not have such type of provisions.
With Regards,
R.N.Khola




Dear Friend,
There is no system of transferring the gratutity amount from one organisation to another.
An Employee is eligible for gratuity in a compnay only and only when he/she completes his/her five year term of service. If an employee leaves the company before the completion of 5 years he/she will not be eligible for gratuity which is a direct benefit of the company.
Note : Gratuity account can not be tranferred under other employer like EPF which can be transferred.
Regards....
Tarun Kumar Goel
email :-
Thanks for the information.
regards
[
QUOTE=kilgoel;1036408]Dear Friend,
There is no system of transferring the gratutity amount from one organisation to another.
An Employee is eligible for gratuity in a compnay only and only when he/she completes his/her five year term of service. If an employee leaves the company before the completion of 5 years he/she will not be eligible for gratuity which is a direct benefit of the company.
Note : Gratuity account can not be tranferred under other employer like EPF which can be transferred.
Regards....
Tarun Kumar Goel
email :- [/QUOTE]
Sir
Please reply to my quary. I worked in a Central Govt PSU for 5 years and 4 months and then join another central govt PSU through proper channel. Out of this 5 years and 4 months first one year was considered as training period and i was given only consolidated stiphen(though the CPF was regularly deducted from day 1 even from the stiphen). what is my length of service(4+ years or 5+ years) and am i eligible for gratuity. Can this gratutity be transfered to my new company. What is the transfer procedure.
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