Security deposit

salil (Querist) 17 October 2013 This query is : Resolved
will i get security deposit if i have been fired by company?
Can i get interest on security deposit?

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P. Venu (Expert) 17 October 2013
Why the company took the security deposit?

prabhakar singh (Expert) 17 October 2013
Look into the agreement that caused the deposit,if it was as compensation when you desert the job untimely then you can claim it back.If interest is agreed in the agreement you can ask otherwise not.

However by notice of demand interest can be claimed
if notice remains uncomplied,and filing of civil suit becomes inevitable.

Devajyoti Barman (Expert) 17 October 2013
It all depends upon the terms of job contract if any.
In absence of such agreement you are entitled to get back your money.