S.No. | Length of Qualifying Service | Rate of Death Gratuity |
---|---|---|
1. | Less than one year | 2 times of emoluments |
2. | One year or more but less than 5 years | 6 times of emoluments |
3. | 5 years or more but less than 20 years | 12 times of emoluments |
4. | 20 years or more | Half of emoluments for every completed six monthly period of qualifying service subject to a maximum of 33 times of emoluments. |
Maximum amount of Death Gratuity admissible is Rs. 10 lakhs w.e.f. 1.1.2006.
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