Govt bank security bond

Guest (Querist) 04 July 2017 This query is : Resolved
Hello. I have recently joined bom one month back. But due to personal reasons I have to leave the job. I have signed and submitted a security bond of one lac. And in my appoitmnet letter a 3 months notice period is mentioned before resigning plus if dot full fill notice period, the salary amt equal to 3 months needs to be paid along with the bond. Otherwise just the bond amt. The company has not spent a penny on my employment as there was no training provided nothing. I wish to know if I leave will I have to pay bond amt and 3 months salary???

Follow Query

Report Abuse

Guest (Querist) 04 July 2017
My probation period is two yrs, before completing which, it is mentioned in the bond, that for any reason whatsoever if you leave the bank you Wil have to pay the bond amt. Pls reply at the earliest with the solution.

Kumar Doab (Expert) 04 July 2017
Notice period is part of service conditions drafted by employer and signed with employee in accordance with applicable enactments.

Check with Bank employee's unions if 3 months notice period is applicable to your designation.

Bond; You may have a chance to get waiver either by your skills or refund thru court of law on merits.

Rajendra K Goyal (Expert) 04 July 2017
You have signed the bond / agreement, from the facts it would be difficult to go against the terms of the bond.