Gratuity Plan
Gratuity is a mandated benefit under the Gratuity Act,1972, provided to employees upon their departure from a company. Eligibility hinges on fulfilling conditions outlined in the Act.
Employers can opt to invest a predetermined sum to meet future gratuity obligations. This amount is invested across equity and debt funds for long-term returns. The accumulated fund caters to gratuity payouts when employees leave the company.
