Can Salary Be Deposited & Then Withdrawn By Company?

curlin_4,
i don't think so that the bank will allow the third party to with the amount of another person though the same has already credit. But the excess amount can be recovered from the salary of next month...what you say...ashok

Can a campany deposit in an employee account then withdra the same in a day or two? is a matter of serious concern to those dealing in pay and compensation. As per my opinion, once a salary deposited in an employee's account could not be withdrawn by the company unless and untill any authorisation in this regard is duly given by the concerned employee.
R. N. Pandey ( Vadodara)

Once the company deposits the money into employees account after that the organisation dont have the power to withdraw money from the account.

I have seen the reversal of transactions when a salary account gets credited with excess amount. However, in all such cases the provision for reversals is included in the joining papers of the employee. So individuals may first want to go through the documents that they might have hurriedly signed while boarding on their organizations.

It can be done....i m having experience with 3 banks....as Corporate relationship Banker...there is a clause...bt the employee must have balance in his salary account...

Dear Peer,
If the variable amount is credited or debited either by the company or the bank, they can access your account for correction at any point of time.
For Eg.
Your actual salary is 20000 but the credited amount is 22000 means they will debit the excess amount which was credited by manual or techinical mistake .
If the employee has taken made the account rupt means they will enter the amount in minus (-2000) in your account, at the point you receive the next month salary or any deposit the amount will be automatically debited from your account.
Regards,
Nelson.S
Chennai.

Dear Peer,
If the variable amount is credited or debited either by the company or the bank, they can access the account for correction at any point of time without giving notice to the employee.
For Eg.
Your actual salary is 20000 but the credited amount is 22000 means they will debit the excess amount which was credited by manual or techinical mistake.
If the employee has made the account rupt means they will enter the amount in minus (-2000) in your account, at the point you receive the next month salary or any deposit, the amount will be automatically debited from your account.
So it is the responsibility of the employee to check the salary account quite often to avoid these sort of problems.
Regards,
Nelson.S
Chennai.

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

absoultly right.....employer can witdrawan excess amout which is paid by mistcally with giving stisfactory reason to employees in this regards

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.