Query: Is it ok, if we deposit the loan amount received from the field staff in the FCRA bank account

Hello Every one,

I have a question, regarding the amount to be deposited in the FCRA bank account.

When we give advance or Loan to the field staffs from FCRA bank account and when they repay this amount, we need to deposit this amount in the FCRA bank account.

Kindly confirm if this practice is fine.

Thanking you,

With warm regards,

Ravistan Anthony
Finance Manager – UnLtd India