NOTIFICATION : Payment of Gratuity to the employees of NVS from Rs.10.00 lacs to Rs.20.00 lacs
Sub.- Enhancement of ceiling of Payment of Gratuity to the employees of NVS from Rs.10.00 lacs to Rs.20.00 lacs.
It is hereby notified that the ceiling limit of Gratuity has been enhanced from Rs.10.00 lacs to Rs.20.00 lacs with effect from 29.03.2018 in respect of the employees who joined NVS prior to 01.01.2004.
It is also notified that the NVS-Payment of Gratuity Rules, 2007 hither to in operation has been scrapped. Henceforth, the Payment of Gratuity, as amended from time to time under Payment of Gratuity Act, 1972 ( amended in 2018) will be applicable for employees of NVS who joined NVS prior to 01.01.2004.
This has the approval of the Ministry as communicated vide letter No. F.No. 17-30/2018-UT-3 dated 11.02.2020.