General Provident Fund: Centre issues key clarification on PF settlement for retired govt employees. Read here

General Provident Fund: Centre issues key clarification on PF settlement for retired govt employees. Read here

The Centre has clarified the General Provident Fund (GPF) disbursement to government employees upon retirement. This clarification, provided by the Department of Pension and Pensioners’ Welfare (DoPPW), addresses inquiries regarding interest payments on delayed GPF payments after retirement. The new instructions, dated October 25, 2024, highlight the importance of timely processing at every stage, from … Read more

After DA, government hikes gratuity limit for central govt employees by 25%

After DA, government hikes gratuity limit for central govt employees by 25%

After increasing the Dearness Allowance (DA) by 4% on March 7, this year, the government has decided to raise the gratuity limit of central govt employees by 25%, effective from January 1, 2024. With this raise, the gratuity limit has increased from ₹20 lakh to ₹25 lakh. “As per the Government’s decisions in the implementation … Read more