ICICI bank is one of the most reputed private banks in India whose head office is in Mumbai. The ICICI stands for Industrial Credit and Investment Corporation of India which was entrenched on 5th January 1955 and it was delimited as a confederation of the IBRD (International Bank for Reconstruction and development). ICICI bank will bestow a significant range of services in the products as well as finances to its customers. ICICI has myriad subsidiaries like ICICI Lombard, ICICI prudential, ICICI securities, etc. Let us know some valid information about the ‘Bank of ICICI and it’s Employee Termination Policy’ before entering the topic.
ICICI privilege: ICICI Bank Employee Termination Policy
The ICICI bank has all the rights to terminate an employee from his duties without any prior intimation or providing the notice period in case of any mischief by the employee in submitting the documents and crucial information to the bank at the time of joining or violating the terms and conditions mentioned by the bank. During his or her employment with the bank, an employee must not engage in any anti-national or anti-social activities. If a bank employee is involved in any civil or criminal cases, he or she must provide all case details to the bank at the time of joining. Employees should not participate in political campaigns or wear political attire, and if this is observed, they will be fired immediately. Any issues that arise in the bank during or after service should be resolved smoothly, and no outside influences, foul behaviour, or language will be tolerated. An employee should not involve another employee of the bank while working for it or after it has been terminated.
Diving into the full details of the termination policy of an ICICI bank employee
Pivotal termination procedure
Generally, any organization will have some rules and regulations while hiring or firing an employee. As we are discussing ICICI bank also has some procedures while terminating its employee from services. Primarily, every employee should submit their previous organization’s pay slips, educational certificates and all the asked-for information by the bank. If there are any erroneous data in the submitted documents then the bank will have all the authorities terminate the employee without providing any notice period or any prior revelation. An employee should be dedicated to his work and must not involve in any other organization parallel to the bank job this will be treated as an illegal point and the bank will begin further proceedings legally.
Glassy rectification
Any issues in the bank at the time of service or after discontinuation should be resolved smoothly and outside influences or foul behaviour or language will not be encouraged. In the time of service in the bank or after the termination an employee should not involve another employee of the bank in any of his/ her business works for up to a period of six months and if this is violated there will be taken severe action by the bank. An employee must not be involved in any anti-national or anti-social activities throughout the bank’s service period. If there are any civil or criminal cases on the bank employee, then he/ she must provide all the case details to the bank at the time of joining that he/she is involved. The employee should not involve in any political campaigns and not wear any banned outfits by the government and if this is observed there will be a chance of immediate termination.
Professional ethics plays a key role
Every employee should follow some professional ethics and owe to the bank in the time of service and should not engage in any outside business plans and other vacancies even though there is sufficient time. An employee must completely be dedicated to the bank throughout his service period. Revealing the salary package and extra reimbursements to any other person will be highly prohibited and there should not be any leakage of the bank’s confidential information at the time of service.
Crucial steps in the process of employee termination
- Engaging in outside business works
- Involving in any antisocial activities
- Using external influences to resolve any issues
- Providing invalid information or data to the bank at the time of joining
- Revealing any confidential information about the bank
The above are some crucial points that are to be identified by every employee and behave accordingly if not there will be taken serious action by the bank authorities and leading to immediate termination.
Cardinal stoppage
There are two basic terminations in any firm one is violating the terms and conditions provided by the organization and another one is the resignation by the employee. The employee as well as the organization should be prepared for termination at any time as no one knows what will happen in the bordering moment. The employee should not involve in any political campaigns and not wear any outfits that are banned by the government and if this is observed there will be a chance of immediate termination. An employee must completely be dedicated to the bank throughout his/ her service period. Revealing the salary package and extra reimbursements to any other person will be highly prohibited. There should not be any leakage of the bank’s confidential information at the time of joining.
Assurance is paramount
Being a trustable employee for an organization will be the proudest thing for any employee and this will give more and more happiness and additional benefits for the employees as no one wants to lose a gem. Not only in the ICICI bank but also almost every firm, if any incorrect information is found in the supplied documents, the firms will immediately terminate the employee without giving notice or making any other disclosures. An employee should be committed to his work and not participate in any organizations’ that compete with his position at the firm; failing to do so will be viewed as illegal, and the firm will start legal action. Not engaging in any anti-national activities which harm the reputation of the country will be punished and fired in a jiffy. If the ethics are properly followed by the employee there will be no question of termination by the organization unless the employee wants to resign.
Conclusion
Now We’ve learnt about ‘ICICI Bank Employee Termination Policy’, ICICI bank has all the authority to terminate an employee from his duties without prior intimation or providing a notice period in case of any mischief by the employee. Primarily, every employee should submit their previous firm’s pay slips, academic certificates and all the asked-for information by the bank. Employees should not participate in political campaigns or wear political attire, and if this is observed, they will be fired immediately. An employee must not be involved in any anti-national or anti-social activities throughout the bank’s service period. If there are any civil or criminal cases on the bank employee, then he/ she must provide all the case details to the bank at the time of joining.
