https://www.taxtmi.com/acts?id=54452 Gratuity payable to a nominee or heir who is a minor must be invested by the competent authority in a term deposit with the State Bank of India or any nationalised bank for the minor's benefit. The rule applies where the employer deposits the gratuity amount with the competent authority, and the investment is required to secure the amount until it can be dealt with for the minor's benefit. en-us Tue, 12 May 2026 15:25:33 +0530 Wed, 13 May 2026 12:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54452 Gratuity payable to a nominee or heir who is a minor must be invested by the competent authority in a term deposit with the State Bank of India or any nationalised bank for the minor's benefit. The rule applies where the employer deposits the gratuity amount with the competent authority, and the investment is required to secure the amount until it can be dealt with for the minor's benefit. Act-Rules Labour laws Tue, 12 May 2026 15:25:33 +0530 https://www.taxtmi.com/acts?id=54452