New Delhi:
One of the most significant worker-friendly reforms under the new labour regime is the introduction of a strict timeline for Full and Final (FnF) settlements.
Companies are now legally required to clear all dues within two working days of an employee’s last working day.
This includes:
- Salary
- Leave encashment
- Bonus
- Incentives
- Gratuity
- Any other pending payments
Earlier, employees often had to wait weeks or months to receive their final dues. The new rule brings accountability and financial security to employees leaving an organisation.
