Full & Final Settlement Payment Timelines

– After Admin Clearance, the last & the final step is Finance Clearance. Payment of FNF shall be made within 45 days from the Last Working Day in case there is any recovery
– In case any amount taken as imprest for the official work, adequate genuine bills must be submitted before the LWD (Last Working Day)
– Failure to submit bills will result in deduction of the respective amount from FNF
– An auto generated, Full & Final Settlement mail will be sent to the employee.
– FNF Statement will be shared with the employees by 11th of next month for all the current month exit employees if they have already received the Admin Clearance from the Admin Department
Acceptance by Employee
– Once this mail received by the employee, he/she needs to revert by Accept/ Reject
– Upon acceptance of FNF, employee will get another mail from Finance as confirmation to process full and final settlement NEFT 
– If employee does not revert on FFS mail within 5 days, Finance can close FFS with calculated amount and process FFS for the employee as it is considered to be auto accepted
– Once the acceptance has been given by the employee on the FNF Statement shared with him then HR Team will approve their uploaded documents within 3 working days. Once the uploaded documents are approved by Team HR, post that Finance Team will process the payment within 7 days from the date of documents approval