AMENDMENT TO GRATUITY ACT 2018 W​.​E​.​F. 01​.​01​.​2016

AMENDMENT TO GRATUITY ACT 2018 W​.​E​.​F. 01​.​01​.​2016

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M ANJANEYA PRASAD started this petition to the hon'ble Prime Minister of India

The Hon’ble Prime Minister of India,
Government of India,
New Delhi.

*Sub*:- Gratuity Amendment Bill Enhancement of Gratuity Ceiling to Rs.20.00 Lacs w.e.f. 01.01.2016.

Dear Sir,

It is very unfortunate to all the Retired Bank Officers / Employees, that the amendment with regard to the enhancement of ceiling of Gratuity from Rs.10.00 Lacs to Rs.20.00 Lacs has been made effective only from 29th March 2018. In the case of the Central Government Employees it has been made effective from 01.01.2016 and in the case of Coal India Limited Employees and other Public Sector Employees, the effective date is from 01.01.2017.

The Bank Officers / Employees ( including RRB Officers / Employees ) have taken the challenge of Banking facilities and extending the same to all the sections of the people especially agriculturists, small & marginal farmers including rural artisans, industrialists, women, etc. Bankers have been doing their sincere & honest duties for the prosperity of the people (eg., *JANDHAN ACCOUNTS*). India has been developing in all the areas due to the best efforts put up by the Bank Employees / Officers as per the instructions / directives of Government of India from time to time.

Now-a-days Banking facilities by Bankers have become more important and it occupies vital role in Indian economy. They have lived up to the expectations of the Government and people of India.

The pay revision of salary of CPSUs Executives as approved by the Government has enhanced the Gratuity limit to Rs 20.00 Lacs with effect from 01.01.2016. Recently Coal India Limited Executives / Employees’ Gratuity amount has been enhanced w.e.f. 01.01.2017.

We request the Government to ensure satisfactory superannuation through the enhancement of Gratuity ceiling like Central Government Employees and other Public Sector Employees. We are all disappointed and are looking for your effective intervention so that the benefit of the enhanced Gratuity ceiling is available to all Bank Employees from 01.01.2016.

We request you to kindly intervene and advise the Ministry of Finance and Ministry of Labour and Employment for appropriate administrative directions in this regard so that a large number of Bank Officers / Employees are able to get the benefit of the Amendment to the Gratuity Act 1972.


Bank Officer ( Retd. )
Telangana Grameena Bank
( Sponsosored by SBI )
H y d e r a b a d .

On behalf of all Bank Officers / Employees ( including RRBs ).

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