What Is Gratuity? Meaning, Rules, Eligibility & Upcoming Changes Explained Author: @nkit Gratuity is an important employee benefit in India, but it is often misunderstood. Many employees only hear about gratuity when they resign, retire, or switch jobs. Knowing how gratuity works — and how the rules may change in the future — helps you plan your career and finances better. What Is Gratuity? Gratuity is a one-time lump-sum amount paid by an employer to an employee as a reward for long and continuous service. It is governed by the Payment of Gratuity Act, 1972 , which currently applies across India. In simple terms, gratuity is a financial “thank you” from the employer for staying with the organisation for many years. Who Is Eligible for Gratuity (As Per Current Law)? As per the law that is currently in force: • An employee becomes eligible for gratuity after completing 5 years of continuous service with the same employer • The 5-year condition is not r...

What Is PPF, NPS, and FD? Author: @nkit Planning your financial future means understanding different ways to save and invest your money wisely. Three popular long-term savings and investment options in India are: PPF (Public Provident Fund) NPS (National Pension System) FD (Fixed Deposit) Each of these options helps you grow your money in different ways, with varying benefits, features, and tax advantages. This guide explains them in simple terms so beginners can make informed choices. What Is PPF (Public Provident Fund)? The Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India. It encourages regular savings while offering guaranteed returns and tax benefits. Tenure: 15 years (can be extended) Interest: Fixed and compounded annually Risk: Very low (government-backed) You can open a PPF account at banks or post offices by contributing any amount each year within the prescribed limits. ...