Gratuity Withdrawal While Continuing Employment
I have completed 5 years in the current organization and am continuing in the same. Since I have completed 5 years of service, is it possible to withdraw the gratuity amount while still in the same company/service and continue with the same organization?
When I asked my HR, they said, "as per the government order, you will receive the gratuity amount only when you leave the organization" - is this true? I need some money urgently, so I am planning to withdraw my gratuity. If it's possible, I would like to take my 5 years' gratuity amount and continue in the same organization. Then, later, after 2 years, if I decide to leave the organization, will I receive the remaining 2 years' gratuity amount? Please reply and help me as soon as possible.
Thanks in advance,
Regards,
manucse
From India, Bangalore
Acknowledge(0)
Amend(0)
I have completed 5 years in the current organization and am continuing in the same. Since I have completed 5 years of service, is it possible to withdraw the gratuity amount while still in the same company/service and continue with the same organization?
When I asked my HR, they said, "as per the government order, you will receive the gratuity amount only when you leave the organization" - is this true? I need some money urgently, so I am planning to withdraw my gratuity. If it's possible, I would like to take my 5 years' gratuity amount and continue in the same organization. Then, later, after 2 years, if I decide to leave the organization, will I receive the remaining 2 years' gratuity amount? Please reply and help me as soon as possible.
Thanks in advance,
Regards,
manucse
From India, Bangalore
Acknowledge(0)Amend(0)
No, you can't. Gratuity is the benefit you receive when leaving the company, which the management will pay along with your final settlement. There is no provision for receiving gratuity during your service.
Regards,
Kamesh
From India, Hyderabad
Acknowledge(0)Amend(0)
191Regards,
Kamesh
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Manucse, Its true as above , you can’t apply for gratuity until you are in company and if you have any urgent means you can apply for PF loan. Consult your HR, they will guide u.
From India, Madras
Acknowledge(0)Amend(0)
From India, Madras
Acknowledge(0)Amend(0)
Gratuity Eligibility and Withdrawal
Regarding your query on gratuity, you are not permitted to receive the benefit under gratuity during the course of employment after completing the eligibility criteria. Gratuity is payable after completing 5 years of continuous service at the time of leaving the company, based on grounds such as resignation, retirement, reaching the age of superannuation, or a contract between the employee and employer for a specific period, under Section 4 of the PG Act - 1971 Rules.
Regards,
V R RAO PULIPAKA
[Phone Number Removed For Privacy Reasons]
From India, Bangalore
Acknowledge(0)Amend(0)
Regarding your query on gratuity, you are not permitted to receive the benefit under gratuity during the course of employment after completing the eligibility criteria. Gratuity is payable after completing 5 years of continuous service at the time of leaving the company, based on grounds such as resignation, retirement, reaching the age of superannuation, or a contract between the employee and employer for a specific period, under Section 4 of the PG Act - 1971 Rules.
Regards,
V R RAO PULIPAKA
[Phone Number Removed For Privacy Reasons]
From India, Bangalore
Acknowledge(0)Amend(0)
Understanding Gratuity and Its Withdrawal
Gratuity is not your contribution in any way. It is the liability of the employer as per the law, and they have to pay it when an employee leaves the company as a means to express their gratitude for your services over a long period of time. You have no right to claim it as per your need. In case you need funds, you can withdraw an amount from your Provident Fund accumulation or take a loan from PF.
Thanks & Regards,
Avika Kapoor
Kapgrow Corporate Advisory Services Pvt Ltd
From India, New Delhi
Acknowledge(0)Amend(0)
Gratuity is not your contribution in any way. It is the liability of the employer as per the law, and they have to pay it when an employee leaves the company as a means to express their gratitude for your services over a long period of time. You have no right to claim it as per your need. In case you need funds, you can withdraw an amount from your Provident Fund accumulation or take a loan from PF.
Thanks & Regards,
Avika Kapoor
Kapgrow Corporate Advisory Services Pvt Ltd
From India, New Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Payment of Gratuity Act, 1972 & The Rules.ppt
FORM - F (TN Payment of Gratuity Rules, 1973).xls
Madras HC judg regarding gratuity is applicable if workmen is working 4 years 240 days..pdf