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K. Security Deposit

All employees of the Society shall furnish the securities as specified
below. The cash security shall be taken in the shape of a fixed deposit of an
employee with a bank and shall be pledged in the name of the society.

SNo Category of Employee Cash Security

1 Senior Assistant-cum-Manager Rs.15,000/-
2 Junior Assistant-cum-Computer Operator Rs.10,000/-
3 Assistant Rs.10,000/-
4 Office Subordinate Rs.5,000/-

The Security so furnished will be refundable to the employee at the time of
his leaving the service or on his retirement provided further that each
employee shall have to serve for at least 3 years, otherwise security amount
will be forfeited and will not be refunded. In the case of death of an
employee, the security amount shall be refunded to his/her legal heir, within
a period of 3 months from the date of completion of audit following cessation
of service or death.
Provided, that the society shall deduct any claim of dues outstanding against
such employee.
Provided, that cash security shall not be released in favour of the employee
during the pendency of any disciplinary, civil or criminal proceeding against
him.
The Security Deposit shall not be refunded till No Dues Certificates are taken
from the places where he served and produced to the Society and similarly
No Dues Certificate from the TTD Revenue Department.

Provided, further that the society shall, in order to satisfy its claim, be
entitled to forfeit the security with interest accrued thereon in case any
misappropriation or embezzlement is proved against the employee, besides
recovering difference of dues.

No person shall be appointed as retained in service as paid employee of the
society in any category of service mentioned above unless he/she furnishes
a security as mentioned above or specified by the Registrar from time to
time under Rule.28(1) of A.P.C.S. Act., whichever is higher.
L. Postings and Transfers

1. The General Manager shall be competent to post any employee in the
Society to any nature of work / seat i.e. internal transfers among the
employees of the Society.

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