Legal Question in Banking Law in India

sir, i am bank employee and one incident happen in april 24th 2007 when i was in cash at the time of closing the cash found 5 lack shortage. all the boucher cheked not tallied. at last i have given one request not my handwriting as you can understand my mental condition to manager for give me rs 5 lakhs advance form bank head a/c receivable to close the cash due to somebody stolen cash from my cabin. manager sanctioned the amt. and debited the bank head for rs 5 lac. after that manager filed fir in sec 406 on dt 28-04-2007 . after that on dt 26april manager asked me to deposit rs 5 lak but i have given written request on dt 12-05-2007 that i am innocent and unanble to pay the amt.on 15may bank suspended me . in between police also done enquiry i also take hc arrest stay. on dt 08-10-2007 bank issued me chargesheet. i replied on dt 29-10-2007 for that chargesheet. on dt 16-05-2008 i got notice for departmental enquiry. 16-09-2008 enquiry officer submited the report to authority. on dt 18-11/208 authority given me punishment two increment cut from salary. finally 21/01/2009 bank lifted my suspension and asked me to joined new branch on dt 02/02/2009. sir, in between 3 times chargesheet summit in court but i have taken permission from up home ministiry for reinvestigation. finally chargesheet summit on nov or oct 2008 but again i taken permission form up govt. after that i do not know what happen what is the status. just because i joined the bank and from 2nd feb 2009 no one asked me or any summon or police come. sir please help me and tell me when our employer restate me any more thing can be happen as you know from last 5 year nothing is happen and i am doing my job in our bank. after that bank also not asked me about in this matter.


Asked on 8/11/13, 3:41 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

11.08.2013

Dear Sir / Madam,

The basic fact of your negligence as the Cashier while on duty is established, since the Cashier is required to keep his / her cabin security door locked at all times. The Branch Manager has already safeguarded himself by placing it on record in writing asking you to arrange the missing money. If the recovery order has been passed to the effect that two increments to be cut till such period as the defalcated amount is fully recovered, and the period is over, you may not face any further inquiry. If you falter again in any manner in your duty if the recovery period is still on, the bank may initiate termination proceedings against you. While you are working, do not distract yourself thinking about all others who may be having fun. When working, do it with complete commitment.

Regards,

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Answered on 8/11/13, 4:12 am


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