Section 160 in The Navy (Pension) Regulations, 1964
160. Rounding off of pensions and gratuities.
(1)The amount of pension as finally calculated, as also the amount of anticipatory pension, shall be rounded off to the next higher rupee.(2)Gratuities shall be calculated to the nearest multiple of five praise, that is, where the exact amount works out to two and a half paise or more, it shall be taken to the next higher multiple of five paise, amount below two and a half paise being disregarded.(3)The provisions of sub-regulation (2) shall also apply to the payment of capitalised value of commuted portion of pension.
