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Contents of the SS Rules (Andhra Pradesh)

The Code on Social Security (Andhra Pradesh) Rules, 2026

Rule 17. Gratuity invested for benefit of minor

Chapter IV — GratuityMade under The Code on Social Security, 2020G.O.Rt. No. 126, 7 Jul 2026

Official text

In the case of a nominee, or an heir, who is minor, the competent authority referred to in the third proviso to sub-section (1) of section 53 shall invest the gratuity amount deposited with him by the employer for the benefit of such minor in term deposit with the State Bank of India or any nationalised bank.

Explanation.–For the purposes of this rule," nationalised bank" means a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970)or a corresponding new bank specified in the First Schedule of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980).

Source: The Code on Social Security (Andhra Pradesh) Rules, 2026, G.O.Rt. No. 126 — Andhra Pradesh Gazette Extraordinary (as ordered by G.O.Rt. No. 126), pp. 15–16 of the PDF. Open our copy at p. 15 · official download · all sources

Text from the Government Order that orders the notification's publication in the Andhra Pradesh Gazette; the Gazette issue itself was not found on the AP e-Gazette.