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01-11-2009, 02:07 PM
| | | | Join Date: Apr 2008 Location: LUDHIANA |
| | Dear
without consent of account holder no body can oprate the other account only they can request for stop paymet before withdrawal of amount .
Manu | |
02-11-2009, 07:51 AM
| | | | absoultly right.....employer can witdrawan excess amout which is paid by mistcally with giving stisfactory reason to employees in this regards | |
02-11-2009, 07:53 AM
| | | | Join Date: Nov 2007 Location: Kota Kinabalu Sabah |
| | As a HR practioner we encounter numerous HR issues of which HR has to solve. In the case of the on going discusion whether management could request the bank to credit an amount to the Company, yes it can subject to being done via a letter of request by the authorised signatory of the company. It is normally done when it was wrongly credited, calculated or the particular staff had absconded from employment. In fact a lot of employees usually escape during the end month after salary is credited to their account. That's my experience. | |
02-11-2009, 10:59 AM
| | | | i'm not sure of the laws governing labour in your country but in SA you cannot even if it is a good reason what you can do if you have say for example deposited more than you should have is to call the employee in and tell them of the mistake and inform them that you will be recovering the overpaid amount, also that goes a long way in keeping good employee relations in your company | |
02-11-2009, 12:58 PM
| | | | Join Date: Mar 2009 Location: Chennai |
| | NO, employer can't though there is a "hidden" clause permitting employer to withdraw the deposited "money", it can't be exercised unless u r given an opportunity. If employor fails, suit for damages will sustain. | |
02-11-2009, 05:44 PM
| | | | Every client of a financial institution is bind by regulations. Be it a salary or any other type of account, any withdrawal, debit which is not satutory must be in line with the account opening clauses.
In case of an error by the employer, the employee has to be notified for him/her to trigger reversal procedure because s/he is the only person authorised to proceed with such transactions.Moreover, if the error is done by the bank, the operation can be reversed immediately or within 24 hours else the employee will have to be notified and his appoval sort.This is how is work in Cameroon | |
02-11-2009, 08:01 PM
| | | | Join Date: Apr 2006 Location: Chennai |
| | hi,
once my company deposited my manager's salary in my account (we share the name). i realised the huge difference and did not withdraw. within a day or two, they reversed the amount and deposited my right salary.
the company has a right to withdraw the salary if the amount deposited is high or wrong. I don't thing this should be made an issue.
I have also faced the situation of banks wrongly crediting my account and correcting it.
human error - they can and should rectify it. | |
03-11-2009, 12:16 PM
| | | | Hi Everybody,
It can only happen if the salary account is opened by the company to cite an example you have an SB account in Public sector bank where the company credits your salary thru RTGS and the company has not introduced you it cannot happen , whereas if the company has introduced you to a private bank and the company has a rapport with the bank then it can be done. I think I am correct in this regard. | |
05-11-2009, 11:17 AM
| | | | Join Date: Oct 2009 Location: Bangalore |
| | Quote:
Originally Posted by little.ele  Greetings Of The Day To All!!!!
Can a company deposit salary in an employees account & then withdraw the same in a day or two??
Request you to please throw some light on this. |
Yes, It is possible, if at all any extra salary is posted to u r account. but it should be intimated to the employee and proper reason should be given for reversal of the salary. | |
05-11-2009, 11:27 AM
| | | | salary Hi!
it is not possible by company to withdraw an amount which hv deposited in yr account.
regards,
mukundan Quote:
Originally Posted by little.ele Greetings Of The Day To All!!!!
Can a company deposit salary in an employees account & then withdraw the same in a day or two??
Request you to please throw some light on this. | |
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