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Praveen Kumar (Lawyer)     20 June 2014

Can't join better job... what to do?

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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