Thread Started by #samakshi

I left a bank job few months ago because I got an opportunity in another bank for higher scale. As I have to join the other organisation very shortly, I do not have the time to provide the ideal notice period of 3 months. As such, they have asked me to deposit 3 month's salary as I have completed 8 years of service there. I am curious to know whether the salary which I have to deposit would be the gross income of 3 month or it includes only Basic plus Dearness allowance .Please suggest .
24th July 2018 From India, Indore
In such a case, i suggest you have a look at your appointment letter and understand the clauses. Appointment clauses must mention whether the deduction is to be made on gross or basic alone. As a standard practice, organizations make recovery on Basic (+DA) only.
Also, you can request your new employer to buy out your notice period; which nowadays major organizations do when they want talent on board quickly.
24th July 2018 From India, Delhi
Its better to continue good relations with the previous employer and you have a long association ie., worked for more than 8 years so better to go to HR / HOD discuss with them complete the formalities, obtain your service / relieving letter and close the issue.
I think due to hurry that discussion might have not taken place hence I don't think now they may agree however you can try for reimbursement.
24th July 2018 From India, Hyderabad
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