Security deposit
bsai partish (166 Points)
22 March 2021
what is the meaning of staff security deposit??
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 22 March 2021
An amount which should be deposited by the staff in an organisation before joining the company. Employers told that it is refundable but it's an illegal process
bsai partish
(166 Points)
Replied 22 March 2021
If employee does not work for agreed period then can employer forfeit that deposit
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