Can a bank terminate an employee on the basis of less CIBIL score?
My mother is an employee at Govt owned public sector insurance company. She is a cashier there. If her CIBIL score goes below 650, can the company terminate her job or give punishments like demotion or suspension etc. Is there any law like that?. I'm just not sure. Please help me to know.
2 Answers
Only verified advocates can give an answer Sign In
Advocate Ayantika Mondal
Answered: 01 Nov 2024
No, a employyee cannot be terminate an employee based on less CIBIL score, however it would affect the employees other prospects.
Advocate By LEAD INDIA
Answered: 30 Nov 2023
An employer cannot terminate an employee's job or impose punishments like demotion or suspension solely based on their CIBIL score. Contact us on helpline number for further enquiry.
Related Questions
24x7 Help
If we fall short of your expectation in any way, let us know
Payment Trust
All refunds come with no questions asked guarantee
