Commercial employment afer resignation

Ravindar Rathore (Querist) 02 February 2018 This query is : Resolved
Respected Sir

I resigned from the services of IDBI Bank in the month of November 2017. However i was not attending duties of the bank since Jan 2017 as I was preparing for Civil Services. Due my absence the bank has given me CESSATION LETTER in which a clause is mentioned '' No officer of the bank who has ceased to be in the services of the bank whether by resignation , retirement or otherwise , shall within a period of 1 year from date of when he finally ceases to be in the services of the bank accept or undertake a commercial employment except with the previous sanction in writing of the competent authority'' .

Now I have been selected in India Post Payment Bank which is under 100 % govt equity under Department of posts. But IPPB HR is demanding a permission letter from the IDBI Bank. The same demand has been rejected by IDBI Bank. My joining is due on 4 th march 2018 . I am having very short time , if I will not produce permission letter my joining in the India Post Payment Bank will be cancelled. I am in a mental stress where I am left with no answer that what should I do in future so that I can enjoy my right of earning livelihood.

Seeking your kind help and guidance.

Thanking you
Ravindar Rathore
Mob- 9983430222

Follow Query

Report Abuse

Guest (Expert) 03 February 2018
Not a legal problem.
Also, no alternative for you except to abide by the rules and regulations prescribed by the Government. However, if possibility of extension of time for joining the post is there, you may seek approval of the competent authority to join later after the threshold period .

Dr J C Vashista (Expert) 04 February 2018
Very well analysed, opined and advised by expert Mr. PS Dhingra, I agree and nothing more to add.

Ravindar Rathore (Querist) 04 February 2018
Respected Sir
My question is whether employment under India Post Payment Bank comes under commercial employment because it is a public sector bank with 100 percent equity of department of post under government of India . So it will come under commercial employment or not . Please clarify my doubt regarding this .

Ravindar Rathore (Querist) 04 February 2018
Respected Sir My question is whether employment under India Post Payment Bank comes under commercial employment because it is a public sector bank with 100 percent equity of department of post under government of India . So it will come under commercial employment or not . Please clarify my doubt regarding this .