On the way to hassle free management of Human resources money matters
A salaried person is wholly and solely dependent on his monthly salary to make the loan installments and for his household expenses. The salary credited and accompanying statements provision is important for the employees. The loansprovisions, changeof jobs and issue of credit cards is not possible without these legal proofs. With the modern and technological advancement in HR software’s, apart from the salary slip by the company, financial reports by banks are mailed or provided free of cost to the employees every month via email or are easily accessible too on secured bank websites which are highly password protected.
Upgrading from paper to online banking
The paper statements were very common. Now, the statements are emailed online by just confirming the email address. The employees can opt for monthly, quarterly or annual statements and other statement settings like email address change can be done easily as required. These e-statements are normally in the PDF format and can also be saved for future use. These statements make your employee employer relation more legitimate in the eyes of the law and also act like a proof of income while banks dispatch loans. In case of any doubt or discrepancy in the statement, one can even call the banks through toll free numbers which are available 24 hours and also visit the banks yourself. This online banking world also facilitates e-bill payments these days, hence the financial ordeals are met with.
Direct deposit advantages
The salary basically includes the basic salary, house rent allowance, conveyance. This is calculated on a monthly basis with some formulas.Considering the date of joining, the number of days attended out of the working days to arrive at the gross monthly salary. The net salary is arrived after the deductibles are worked about including the provident fund, income tax, etc. The salary paid in checks which needs to be deposited consumes a lot of time, but a bank facilitates an easy credit directly to the official bank account. The right salary is credited as the bank is in constant touch with the company right from the time the salary processing formalities are completed. The employee verification formalities, attendance records, the tax eligibility is all the prerogative of the company, the bank just helps the employees to know the amount deposited by the company in the account every month and the amount withdrawn and the left balance in the salary account.
Better financial planning with less travelling hassles
Normally, the organizations arrange for salary accounts with particular banks for the employees of different grades and designations. Online medium leads no travelling problems for the employees of the banks. The employees can very well be updated of their financial position real time and plan their expenses accordingly. The provision for the security of the bank statements is done with the help of password protected statements mailed to you.
There are computer frauds in the form of hacking, data interceptions, etc which the employee accounts can be a victim to. The e-penyata account enables customers to check the salary credited to the account .It is salary account hence the charges or deposit is not applicable.
Upgrading from paper to online banking
The paper statements were very common. Now, the statements are emailed online by just confirming the email address. The employees can opt for monthly, quarterly or annual statements and other statement settings like email address change can be done easily as required. These e-statements are normally in the PDF format and can also be saved for future use. These statements make your employee employer relation more legitimate in the eyes of the law and also act like a proof of income while banks dispatch loans. In case of any doubt or discrepancy in the statement, one can even call the banks through toll free numbers which are available 24 hours and also visit the banks yourself. This online banking world also facilitates e-bill payments these days, hence the financial ordeals are met with.
Direct deposit advantages
The salary basically includes the basic salary, house rent allowance, conveyance. This is calculated on a monthly basis with some formulas.Considering the date of joining, the number of days attended out of the working days to arrive at the gross monthly salary. The net salary is arrived after the deductibles are worked about including the provident fund, income tax, etc. The salary paid in checks which needs to be deposited consumes a lot of time, but a bank facilitates an easy credit directly to the official bank account. The right salary is credited as the bank is in constant touch with the company right from the time the salary processing formalities are completed. The employee verification formalities, attendance records, the tax eligibility is all the prerogative of the company, the bank just helps the employees to know the amount deposited by the company in the account every month and the amount withdrawn and the left balance in the salary account.
Better financial planning with less travelling hassles
Normally, the organizations arrange for salary accounts with particular banks for the employees of different grades and designations. Online medium leads no travelling problems for the employees of the banks. The employees can very well be updated of their financial position real time and plan their expenses accordingly. The provision for the security of the bank statements is done with the help of password protected statements mailed to you.
There are computer frauds in the form of hacking, data interceptions, etc which the employee accounts can be a victim to. The e-penyata account enables customers to check the salary credited to the account .It is salary account hence the charges or deposit is not applicable.