Ashokjaj
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

From India, New Delhi
Ramanand Pandey
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 As per my opinion, once a salary deposited in an employee's account could not be withdrawn by the company unless and untill any authorisation in this regard is duly given by the concerned employee.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)

From India, Vadodara
sunmukh
Once the company deposits the money into employees account after that the organisation dont have the power to withdraw money from the account.
From India, Madras
navjotgill
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.

ketan.kokil
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...
From India
nelson25
3

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.

From India, Bangalore
nelson25
3

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.

From India, Bangalore
MANU BAGHEL
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
From India
nbs123
1

absoultly right.....employer can witdrawan excess amout which is paid by mistcally with giving stisfactory reason to employees in this regards
From India, Mumbai
Dorie Otion
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.

Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.






Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.