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Gratuity is a compulsory benefit to be provided to employees as per the Gratuity Act, 1972.
It is a lump sum amount paid out to employees, once they are no longer a part of the company.
An employee is eligible for payment of gratuity only if he or she fulfills the conditions specified
under the Gratuity Act.
As an employer, you can choose to invest a certain amount of money in order to meet your future gratuity
The amount set aside by you is invested in a range of equity and debt funds to provide returns
over a long term.
The kitty created under this plan is then used to make claim payments for gratuity when employees exit.
Note : Policy details offered are indicative, not exhaustive. Please contact your nearest
Arunaya office for further details.