Dear all,
If I work for a company, say, for 2 years and then leave to join another company, is it possible to transfer the Gratuity amount accumulated with the last employer to the new Gratuity account with the new employer? If possible, please let me know what the procedure is.
Thank you.
From India, Kolkata
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1If I work for a company, say, for 2 years and then leave to join another company, is it possible to transfer the Gratuity amount accumulated with the last employer to the new Gratuity account with the new employer? If possible, please let me know what the procedure is.
Thank you.
From India, Kolkata
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Dear Vikash,
Under the Payment of Gratuity Act, 1972, we do not have any system of opening any account for an employee.
With Regards,
R.N.Khola
From India, Delhi
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Under the Payment of Gratuity Act, 1972, we do not have any system of opening any account for an employee.
With Regards,
R.N.Khola
From India, Delhi
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Sir, I just wanted to know if possible to withdraw transfer Gratuity fund accumulated If Leave a company before 5 years. regards Vikash
From India, Kolkata
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From India, Kolkata
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Dear Vikash,
If your employer has any fund under any of the Gratuity Rules, then you should go through those rules for provisions of fund accumulation, its transfer, and withdrawal. However, the Payment of Gratuity Act, 1972, does not have such provisions.
With Regards,
R.N. Khola
From India, Delhi
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If your employer has any fund under any of the Gratuity Rules, then you should go through those rules for provisions of fund accumulation, its transfer, and withdrawal. However, the Payment of Gratuity Act, 1972, does not have such provisions.
With Regards,
R.N. Khola
From India, Delhi
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Dear Friend,
There is no system of transferring the gratuity amount from one organization to another. An employee is eligible for gratuity in a company 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 cannot be transferred to another employer like EPF, which can be transferred.
Regards,
Tarun Kumar Goel
Email: kilgoel@rediffmail.com
From India, Calcutta
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There is no system of transferring the gratuity amount from one organization to another. An employee is eligible for gratuity in a company 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 cannot be transferred to another employer like EPF, which can be transferred.
Regards,
Tarun Kumar Goel
Email: kilgoel@rediffmail.com
From India, Calcutta
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Sir,
Please reply to my query. I worked in a Central Govt PSU for 5 years and 4 months and then joined another central govt PSU through the proper channel. Out of this 5 years and 4 months, the first year was considered a training period, and I was given only a consolidated stipend (though the CPF was regularly deducted from day 1 even from the stipend).
What is my length of service (4+ years or 5+ years), and am I eligible for gratuity? Can this gratuity be transferred to my new company? What is the transfer procedure?
From India, Chandigarh
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Please reply to my query. I worked in a Central Govt PSU for 5 years and 4 months and then joined another central govt PSU through the proper channel. Out of this 5 years and 4 months, the first year was considered a training period, and I was given only a consolidated stipend (though the CPF was regularly deducted from day 1 even from the stipend).
What is my length of service (4+ years or 5+ years), and am I eligible for gratuity? Can this gratuity be transferred to my new company? What is the transfer procedure?
From India, Chandigarh
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Doctors on Part Time payment-Gratuit y eligibility- Gujarat High Court.docx
Less than 5 years service - Eligibility for payment of gratuity.pdf