Attn: mr. kumar doab, employment bond

Praveen Kumar (Querist) 20 June 2014 This query is : Resolved
Subject : Dear Sir
Message :
Whether bank employees are governed by dept of public enterprises, DPE? I'm working in a public sector nationalized bank and I've been offered a better opportunity in another public sector nationalized bank. However, I have a bond of rupees two lakh with my present employer, which I have to pay if I leave the job before 3 years of service. I've completed one and a half year only so far. I read a circular of DPE dated 29th July 2004 according to which the bond is transferable from one govt job to another. Kindly clarify whether this circular is applicable to banks as well? Can I enjoy the benefit of it? and how? Both the banks, i.e., my present employer and the one I seek to join are denying that they are governed by DPE guidelines. I'm clueless as to how to go about it. I cannot afford to pay such a huge amount. Can I file a Writ of Mandamus to enforce the said circular? Please advise. Thanking you in anticipation.

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Kumar Doab (Expert) 21 June 2014
You have adequately been advised at LCI in another thread initiated by you at:

http://www.lawyersclubindia.com/experts/Dopt-governs-psu-banks--465406.asp#.U6Rc5JSSwb8

As already advised by the Learned Senior Experts you should show all documents on record to a competent and experienced Lawyer/Law firm handling such matters and give inputs in person and spend quality time with your lawyer. The lawyer that has examined the documents on record and inputs can advise you the best on the possible remedy and forum.

The thread initiated by the author/querist is addressed by many of the experts/members.
The thread should be not be titled as Kind Attn:……………………………………

The Bank employees have formidable employee’s unions.
The issue that is tormenting you must be affecting many.
The BSNL employee’s unions succeeded in handling similar matter.
You may also go thru:
http://www.bankersadda.com/2012/03/enforcementtransfer-of-bond-in-psus.html

http://www.lawyersclubindia.com/experts/Service-agreement-bond-clarification-needed-475201.asp#.U5r1LHKSwb8

http://www.lawyersclubindia.com/experts/Payment-of-indemnity-bond-419196.asp#.UiNgTNKAqWM

You are a lawyer yourself and hence shall appreciate that as advised by experts in other thread initiated by you, you should consult a lawyer/law firm in person.