Legal Question in Legal Ethics in India

dear sir

i am working as a banker. i have wrongly creditd the account of another customer. after a day on knowing my mistake i hv debited his account and credited the right customer account.i have informed the debit party through mail and verbally.now party whom wrong credit was given is saying that you should not have debited our this account as its was meant for credit only.my seniors are firing me for wrong entry posted.

1. legally is it ok.they can do so.

2. legally are we not allowed to debit the same account if we put wrong credit to it.


Asked on 10/14/12, 6:27 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

14.10.2012

Dear Sir / Madam,

First and foremost, the Customer's A/c that you erroneously credited does not have any legal right to use the funds and your debiting their A/c the very next day is correct. Please ignore the Customer's request.

Please issue a letter in writing (or send an email) to your Branch Manager copied to the General Manager of your Bank reqretting your mistake and give an assurance that such an error on your part will never recur. An entry to adjust the interest amount accordingly for 1 day also needs to be passed.

1 & 2. An error without any deliberate intention to deceive is worthy of pardon without any reprimand action of termination from service.

Regards,

Fca Prashant Chavan

Mumbai

(You can also mail me for any further on-line advice at [email protected])

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Answered on 10/14/12, 7:05 am
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

May not amount to an offence. Read more on Indian laws on my website www.karvai.in

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Answered on 10/14/12, 10:48 am


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