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Could you please confirm if the offer letter mentions any particular provisions regarding working from the office?
From India, Hyderabad
Hi, You mention location of work to make it more precise. You mention as " During the service period, you will work with the Company on a full time basis and shall be located at ______ "
From India, Madras
Even as of now, the rule of law is that the person will be working from office unless the nature of work requires otherwise or it is so stated in the appointment letter.

So if you want to allow Work from home, it should be specified in the appointment letter and limit / conditions should also be specified in it.

The terms in the appointment letter becomes fixed, so instead you can say that the WFH rules will change from time to time in line with requirements of the business and then put the conditions and allowably in Employee handbook.

Going ahead, I think it should be put in the standing orders
But remember that any change in the WFH rules will probably amount to change in terms of employment and will need the concurrence of employees. You can not make unilateral changes.

From India, Mumbai
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