Gratuity Calculation for Bank Officers: How Does It Differ from Clerical Roles?

I am employed with a nationalized bank as an officer for the last 38 years, and my basic salary + dearness allowance (DA) is 35,000/=. What will be my gratuity on retirement? Are the rules different for clerical and officer positions?

Gratuity is equal for all; it's up to a maximum of Rs 10,00,000/- if eligible. The calculation is as follows: last basic + DA / 26 * 15 * number of years served.

Suppose your last salary is Rs 40,000/- and you worked for 32 years, then:

40,000 / 26 * 15 * 32 = Rs 7,38,461/-

In nationalized banks, as per gratuity rules, gratuity is payable at the rate of 15 months of basic pay, subject to a maximum of Rs. 1,000,000/-. You have provided your total pay (Basic + DA) as Rs. 350,000, but not the basic pay alone.

As per my understanding, you need to calculate gratuity by two methods:

1. Basic pay x 15 = a certain sum
2. \( \frac{35,000 \times 15 \times 32}{26} = Rs. 646,000/- \)

Please confirm the calculation. You will receive the higher of the two sums, subject to the maximum of Rs. 1,000,000/-.

Hi,

I had been retired from Sarva Haryana Gramin Bank, sponsored by Punjab National Bank, after serving 37 years. My basic pay at the time of retirement was Rs. 59,170. I request you to please calculate my gratuity amount.

Thanks