While joining, I made an agreement for 2 years with a security deposit of Rs. 10,000. After the completion of 2 years, I resigned from that organization. When I went to the employer to request my security deposit, he refused to refund it.
Is there any procedure to demand a security deposit refund from the employer? I have the appointment letter, acceptance of resignation letter, and relieving order with me.
From India, Hyderabad
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Is there any procedure to demand a security deposit refund from the employer? I have the appointment letter, acceptance of resignation letter, and relieving order with me.
From India, Hyderabad
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How did you pay the security deposit to the company? Was it through a cheque, or was it deducted from your salary? If it is the former, do you have a photocopy of the cheque? If not, do you have a bank statement for that particular month? If it was deducted from your salary, do you have a copy of the salary slip for that month? If yes, has this deduction been reflected?
Terms of the Refund
What are the terms of the refund of the security deposit? Have these been enumerated in the appointment letter itself, or has a separate letter been issued? Have you completed the notice period, or have you left the employment without completing the notice period? Is the refund of the security deposit linked to the fulfillment of the notice period?
There are many questions associated with your post. Please provide complete information that will help senior members give you further advice.
Thanks,
Dinesh Divekar
From India, Bangalore
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8072Terms of the Refund
What are the terms of the refund of the security deposit? Have these been enumerated in the appointment letter itself, or has a separate letter been issued? Have you completed the notice period, or have you left the employment without completing the notice period? Is the refund of the security deposit linked to the fulfillment of the notice period?
There are many questions associated with your post. Please provide complete information that will help senior members give you further advice.
Thanks,
Dinesh Divekar
From India, Bangalore
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SECURITY AGREEMENT.doc
Employment Agreement.pdf