Hindi rail teck , Railway gratuity rules| gratuity calculation for railway employees | रेलवे में ग्रेच्युटी को जानिए |
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” HINDI RAIL TECK ”
Following topic covered in this video.
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Gratuity is a lump-sum payment made by an employer as a mark of gratitude for the services rendered by his employee.
It is an important form of social security benefit.
Gratuity is payable at the end of the employment (by way of retirement, death, termination or resignation).
When a Railway Employee has rendered service less than 10 years no pension shall be paid.
Service Gratutiy will be paid at the rate of one month emoluments for each completed year of service.
No reduction will be made whether the retirement of the Railway Employee is on medical grounds or personal grounds.
Emoluments means basic pay(ie, pay in Pay Band plus applicable Grade Pay) plus NPA if any and DA admissible on the date of retirement.
When a Railway Employeehas rendered minimum qualifying service of 5 years Retirement Gratuity is paid at the rate of 1/4th of one month’s pay per each completed half year of service subject to a maximum of 161/2 month’s pay or 10 Lakh rupees whichever is less.
Paid in case of death of a Railway Employee while in service at the following rates.
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