Once the No dues closure is done from all stakeholders, the relieving letter will be sent on the personal email ID as per our records.
Once your Full & Final is payable, we will share the Experience letter with you on your personal email ID as per our records.
As per the process it takes 30 days to process full and final settlement from the last working day or your last NDC closure date, whichever is later.
Your earned leave balance as on your LWD will be encashed and calculation will be done as per your last drawn Basic salary. Earned Leave is paid / encashed on the last drawn basic salary- Monthly Basic / 22* EL balance at the time of leaving.
Your notice shortfall amount is calculated based on your last drawn Basic salary. (No. of shortfall days * Last drawn basic salary)/30
Salary will be credited in the Full & Final settlement post recoveries if there is any.
Gratuity is calculated as per Payment of Gratuity Act 1972 and the calculation is based on (15 days of last drawn basic salary for each completed year of service ) divided by 26, which is: (Last Drawn Basic Salary x 15 x Completed No. of years of service) / 26
The cut off for Other Earnings payment is from MEA(month end adjustment) to MEA during a month. Basis the details and approvals received in the last month of notice period then he/she will receive it the amount separately post Full and Final settlement has been processed.
Please note that weekend/shift allowance are paid separately and not with full and final settlement.
Mediclaim insurance get ceased effective last working date.
Form 16 for the last completed FY gets generated by the month of July. It will be accessible via Ascent portal link. Alternately, it will be emailed to your personal email ID as per our records.