Reversal of credited money from my saving account
Mohan suthar
(Querist) 28 April 2013
This query is : Resolved
Sir,
My previous company ( A PSU) credited Rs.1 lakh in my salary account at 30/03/2013 for the previous different allowances. And last day @ 26.04.2013 debited my salary account by the same amount without any intimation citing that approval for the said amount is subject to approval by authority.
My question is :-
1.Can a sender (in my case PSU) debit my bank account without my approval as in this case my company earlier credited my account and after one month debited my account.
2. I gave cheques to persons which will be bounced due to the sudden removal of amount.what i ll do in this case..
3. Can Bank revert back credited money after one month in spite of correct credentials filled by the sender?..Please Quote RBI guideline so taht i can take leagl remedies against bank and PSU
prabhakar singh
(Expert) 28 April 2013
Any salary a/c of employee is credited on advice of employer so the same can be debited also on the advice of employer.
P. Venu
(Expert) 28 April 2013
I am doubtful if the Bank can effect such debit. It is only the account holder who can authorise or effect any debit from his/her account. If the employer or another person has made any erroneous credit, only option is to request or compel the account holder to make good the unearned benefit.
prabhakar singh
(Expert) 28 April 2013
You may visit bank to enquire how and why it was done so?
R.K Nanda
(Expert) 28 April 2013
contact bank officials.
H.M.Patnaik
(Expert) 28 April 2013
In case of any erroneous credit in bank a/c at bank level , the bank can make reversal debit in the same a/c under advice to the account holder only.
Pl. be in touch with your banker to obtain a written reply to the issue.
Anirudh
(Expert) 28 April 2013
PLEASE INDICATE VERY SPECIFICALLY DID YOU GET ANY INTIMATION FROM YOUR COMPANY WHEN THE COMPANY CREDITED YOUR ACCOUNT?
IF THE COMPANY HAS NOT INTIMATED YOU, HOW DO YOU KNOW AS TO WHAT FOR THAT AMOUNT WAS CREDITED INTO YOUR ACCOUNT?
Devajyoti Barman
(Expert) 28 April 2013
get in touch with Bank official for further clarification.
Mohan suthar
(Querist) 28 April 2013
My company disbursed pending PRP(Performance related pay) to its employees and ex-employees for previous financial years.It was a due from my company side and eventually every employee got this PRP.When asked ,the company said that the approval was done so we credit in your account in the last date of financial year.
But @ 26.04.2013(after one month),company with the help of SBI officials taken back our PRP from those who are Ex-employees of company citing that the another approval is pending.
Bank officials are not responding well and hiding everything and since i am out of station,i cant appear physically to bank Branch. Bank official said that the request is from my company so we are doing this.They cant justified that the approval of PRP is the solely matter of PSU and after approval the company gave us money. then why Bank is recovering on behalf of Company..
Please Suggest the future course of actions and also please tell me that Has Bank the right to taken back my money after one month of creditin and that to be without my approval?
P. Venu
(Expert) 28 April 2013
On the face of the facts, the Bank's action is not lawful. the querist can take up his grievance with the consumer forum.
R.K Nanda
(Expert) 28 April 2013
no more to add.
Devajyoti Barman
(Expert) 29 April 2013
yes, do file complaint with consmer forum.
H.M.Patnaik
(Expert) 30 April 2013
First update your bank passbook wherein such credit and subsequent debit s are reflected .
Then post a Regd. letter to your bank seeking clarification on the above in writing.
Wait for reply from bank .If you do not get within two weeks , pl. go ahead to lodge a complaint with tha OMBUDSMAN of the particular bank whose address will be available in the internet for redressal of your genuine grievance.
