SALARIES AND ADVANCES

Pay Day
Employees are paid on the last day of each month via direct deposit to your Indusind salary account.

Payrolls Cycle
Employees will be paid for the month and for internal payrolls the cut-off date for attendance and
expenses submission will be 24th day of the month

Process
 Attendance and Expenses will be submitted by HR Executive to HR Manager by 24th of each
month with first level check
 HR Manager will complete the payrolls and submit it to Country Manager after a second
level check
 Any changes to attendance, payrolls will be taken care of in the payrolls of the subsequent
month
 Any expense submitted after 23rd will be fall in the next expense cycle

Advances
To tide over emergencies that may arise, employees are entitled to request for Salary Advance (which
is interest free payment from company). This benefit is solely at the discretion of the Management.

Who can apply?

• Benefit is available to members who are not on probation and have completed one year of
service in the company. Employee are required to apply 1 month before and amount will be
transferred along with the next month’s salary.
• The maximum entitlement is equal to six months basic salary, which will have to be re-paid
back in salary deductions in maximum of 12 equal instalments and remaining amount will be
recovered from his/her Full & Final settlement.

Process
 Advances request should come through emails and routed through HR Manager
 Any requests made after the payrolls cycle will be taken care of in the subsequent month