retirement benefits

What Happens If You Default on Your HBA EMI: PSU Employees Recover the Shortfall From Retirement Benefits

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PSU employee payslip showing HBA EMI deduction beside a house key

What Actually Happens If You Can’t Pay Your HBA EMI There is no penalty and no late fee, not the way a bank loan default works. Your House Building Advance EMI is deducted directly from your salary by your PSU; you never pay it yourself. If your salary in a given month cannot cover the … Read more

Gratuity for PSU Employees: How It Is Calculated, When You Get It, and How Much Is Tax-Free

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Gratuity payment for PSU employee at retirement

What Is Gratuity and Who Gets It in a PSU? It is not a bonus. It is not a gift from your employer. It is your legal right, a statutory payment you earn by serving an organisation for a minimum period of time. Think of it as a loyalty reward backed by law. The Payment … Read more