Hi,
Is there any provision that we can get a Salary DD other than the employee's name if the employee gives a declaration on the same? Got a query regarding this from one of the employees in our office. This employee is newly joined and doesn't have a bank account in his name. That's why he is checking the same. His salary account is not opened yet.
Looking forward to your kind reply.
Thanks in advance.
Cheers, Dhanjith
From India, Mumbai
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8Is there any provision that we can get a Salary DD other than the employee's name if the employee gives a declaration on the same? Got a query regarding this from one of the employees in our office. This employee is newly joined and doesn't have a bank account in his name. That's why he is checking the same. His salary account is not opened yet.
Looking forward to your kind reply.
Thanks in advance.
Cheers, Dhanjith
From India, Mumbai
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I don’t think that account people would allow that, generally this is not done.. but u can do one thing. you can ask accounts deptt. to pay him cash.. that they culd do easily. regards, EAFIL
From India, Delhi
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From India, Delhi
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Hi Dnajith,
No, according to me, it is not possible to give the DD in someone else's name. The person has to have a bank account in his name where the salary can be transferred or DD can be given. One option is to ask your Accounts people to give him some cash as an advance from the salary until the time the bank account is set up.
Cheers,
Archna
From India, Delhi
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No, according to me, it is not possible to give the DD in someone else's name. The person has to have a bank account in his name where the salary can be transferred or DD can be given. One option is to ask your Accounts people to give him some cash as an advance from the salary until the time the bank account is set up.
Cheers,
Archna
From India, Delhi
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If the salary cannot be paid in cash, the cheque can be issued in his name without crossing so that the person can go that particular bank and collecte the amount in cash rb
From India, Bangalore
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From India, Bangalore
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hi Swastik, Can u be more specific on that ..how does a Bearer Demand Draft work? Sorry i am hearing tat for the first time :?: Regards, Dhanjith
From India, Mumbai
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From India, Mumbai
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Hi,
This has occurred in my company as well, and we gave cash to the employee. You cannot issue a cheque or DD in any other name than the employee's. You need to convince the accounts to give cash, and if it's not working, give a cheque which can be deposited once the account is opened. Let me know the solution you follow...
Regards,
Manasi
From India, Mumbai
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This has occurred in my company as well, and we gave cash to the employee. You cannot issue a cheque or DD in any other name than the employee's. You need to convince the accounts to give cash, and if it's not working, give a cheque which can be deposited once the account is opened. Let me know the solution you follow...
Regards,
Manasi
From India, Mumbai
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Dear Dhanjit,
Demand drafts are of two types: crossed and normal. In a crossed demand draft, you need to have an account to encash it. An ordinary draft requires the person to present the draft at the bank where it is payable, and they will be paid in cash.
We have used it in the case of a recent transfer for an employee.
Regards,
SC
From India, Thane
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Demand drafts are of two types: crossed and normal. In a crossed demand draft, you need to have an account to encash it. An ordinary draft requires the person to present the draft at the bank where it is payable, and they will be paid in cash.
We have used it in the case of a recent transfer for an employee.
Regards,
SC
From India, Thane
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