Notice Period Buyout - Company Policy

Hi All,
i have put down my paper on 2nd of Aug and according to company policy i have to serve 30 days notice period and also we can buy out our notice period. is it possible to serve 15 days notice and with the same salary we can buyout the rest 15 days.
please reply its urgent.
Regards
Manisha

Refer your appointment conditions. I think no employer will mention the buyout of N.Period of such short period 30 days.
Pon

Dear Senior
If you could please give me a clarity on the subject "notice period buyout" and how it works?
Regards

Buyout is paying money equivalent to the salary of N.Period in stead of serving in N.Period and it is apllicable to bothe employers & employees.
Pon

if the employee is not confirm then what should be the notice period. 2ndly if company want ot remove the candidate then what company can do

You can definitely do that. Mention in your resignation letter " request you to relieve with close of working hrs of 10/08/2011(date". Let management decide if they want to deduct 15 days salary in lieu of notice period. Remember, they can deduct 15 days basic pay only.