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Author Topic: Refund of Security Deposit  (Read 469 times)

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Offline hemanth

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Refund of Security Deposit
« on: August 27, 2015, 08:11:55 AM »
Respected sir,

I had joined in an organisation, which is a subsidiary of public sector bank on 04.08.2014. At the time of joining  i had deposited a non interest refundable security deposit. Due to personal reasons on 02.07.2015 i had submitted my resignation stating that kindly relieve me on 04.08.2015 for my higher studies, in which the contract of employment will going to be complete on 04.08.2015 along with my security deposit. But the company relieved me without intimating me that they are issuing relieving letter on 01.08.2015. As per terms of the contract of employment that the security deposit will be refundable at the end of one year, if the employee resigns/terminates the contract, the security deposit will be forfeited partly or fully and as per the terms i had give one month's notice also. After relieving they are saying that your amount is forfeited. Can anyone suggest me what action can i take on them and how can i get my hardearned money, which is very necessary for me at this bad financial position. Thanks in anticipation
« Last Edit: August 27, 2015, 08:13:59 AM by hemanth »

 

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