Full and Final (FnF) Settlement refers to the final process of settling all financial obligations between an employer and an employee after resignation, termination, or retirement. It covers pending salary, leave balance encashment, bonuses, gratuity, and other payable benefits, along with statutory deductions, recovery of advances, notice period adjustments, and asset clearance. The FnF process ensures that all payments are calculated accurately and released within the defined timeline as per company policies and labour laws. An efficient FnF settlement improves compliance, reduces disputes, and helps organizations deliver a smooth, transparent, and professional exit experience for departing employees.
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