Productivity Linked Bonus Advance for Financial Year 2024-25

Terms and conditions for payment of advance against Productivity Linked Bonus to the employees of the Employees’ Provident Fund Organization for the year 2024-25

1. All regular employees of Group 'C' and Group “B” (Non- Gazetted) whether temporary or permanent shall be eligible for the advance against Productivity Linked Bonus provided they were in service on pro rata basis, and also on the last day in March of the relevant financial year i.e. 2024-25. Casual/contract/extra departmental employees shall not be eligible for any Bonus.
2. The employees who were in service for less than one year during the relevant financial year shall be allowed the advance against PLB on proportionate basis, provided they were in service for at least six months during the financial year 2024-25.
3. The employees drawing monthly wages of more than Rs. 7,000/- shall been entitled to the advance against PLB at the rate admissible to those drawing wages of Rs. 7,000/- per month.
4. The employees who happen to be on extraordinary or half pay leave during the month of March will be paid the advance against PLB based on the pay and allowances that would have been payable but for their being on EOL, HPL etc.

UNDERTAKING

I, Shri/Smt./Ms. _________________________ , _______________________, (Name) (Designation)

do hereby undertake as under: -

1. That I understand that the advance against the PLB due and admissible to me for the year 2024-25, equal to 60 days’ wages (subject to the maximum of Rs. 13816/-) has been provisionally sanctioned and being paid to me.
2. The said advance will be adjusted against the PLB due and admissible to me for the year 2024-25 and any excess payment detected at a later stage, on any account, shall be refunded by me forthwith.

Signature- Name- Designation- Date-