Gratuity eligibility permits withholding during disciplinary proceedings, while statutory minimum protection applies to qualifying employees. Gratuity is payable on retirement, death, certified disablement, resignation after five years of continuous service, and non-punitive termination after ... Summary
International Financial Services Centres Authority (Employees' Service) Regulations, 2026
Gratuity eligibility permits withholding during disciplinary proceedings, while statutory minimum protection applies to qualifying employees.
Gratuity is payable on retirement, death, certified disablement, resignation after five years of continuous service, and non-punitive termination after five years of service. Employees with fewer than five years of continuous service receive gratuity under the Code on Social Security, 2020. Employees with at least ten years of continuous service receive gratuity as specified, subject to the statutory minimum. Gratuity may be withheld during pending disciplinary proceedings, subject to payment after their conclusion and adjustment of recoveries.
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