New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under the Payment of Gratuity Act, 1972, the maximum

    gratuity payable is _______________.
    A 10 lakhs Correct Answer Incorrect Answer
    B 20 lakhs Correct Answer Incorrect Answer
    C 3.5 lakhs Correct Answer Incorrect Answer
    D Such amount as notified by central government Correct Answer Incorrect Answer

    Solution

    Under Payment of Gratuity Act, 1972- as per the provisions of the Payment of Gratuity (Amendment) Bill, 2018, the maximum limit of gratuity is  such amount as may be notified by the Central Government from time to time. Now, the Government has issued the notification specifying the maximum limit to Rs. 20 Lakh

    Practice Next