New Delhi, Aug 26 : India's low-cost carrier SpiceJet has reportedly not deposited money into the pension funds of its employees for at least 6 to 8 months, a source said.

However, a SpiceJet spokesperson told IANS said that the process has already been initiated by the company.

"There was a certain deferral in PF but we will be depositing a substantial amount soon and salary disbursement is on time. We are also doing all settlements on time. Everything will be cleared soon. We are hopeful," said the spokesperson.