Hello seniors
I had a doubt regarding my fathers greatuity, the bank has filed for an enquiry after an year of retirement.
The reason for enquiry is that he has granted more loans. But the documents for the loans are proper.
Can this be considered as financial losses to the bank and what action can we take regarding the issue.
From Sweden, Vastra Frolunda
I had a doubt regarding my fathers greatuity, the bank has filed for an enquiry after an year of retirement.
The reason for enquiry is that he has granted more loans. But the documents for the loans are proper.
Can this be considered as financial losses to the bank and what action can we take regarding the issue.
From Sweden, Vastra Frolunda
""The reason for enquiry is that he has granted more loans. But the documents for the loans are proper.""
If papers are in order and due diligence done by our father,bank cannot do anything.
What was your father's position in the bank?
Was he final authority for the loan?
what is the query regarding gratuity?
Has your father not received gratuity?
From India, Pune
3124If papers are in order and due diligence done by our father,bank cannot do anything.
What was your father's position in the bank?
Was he final authority for the loan?
what is the query regarding gratuity?
Has your father not received gratuity?
From India, Pune
My father was working as a senior manager and he was the final authority. He haven’t recieved the gratuity.
From Sweden, Vastra Frolunda
From Sweden, Vastra Frolunda
The quiery is can the bank authorities deny the payment of gratuity due to this issue? And can this be considered as financial loss to the bank.
From Sweden, Vastra Frolunda
From Sweden, Vastra Frolunda
Gratuity cannot be withheld unless the service of the employee is terminated due to some misconduct related to moral turpitude. Since your father has superannuated and his service is NOT terminated his gratuity cannot be withheld under any circumstances. Ask him to apply in FORM I before the company and if the company does not pay within a month, then apply before the controlling authority under FORM N along with an application for condonation of delay.
Check my blog at www.labourlawhub.com
From India, Kolkata
Check my blog at www.labourlawhub.com
From India, Kolkata
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Flow Chart for Recruitment till retirement.xls
FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc