Enforceability of service bond

ashish (Querist) 27 November 2017 This query is : Resolved
I am working as a bank PO in a Public Sector Bank. The bank recruits through IBPS. However, when we wrote the IBPS exam or in its advertisement or during selection of bank, there was no mention of any service bond. However, after the results and allocation of bank, which cannot be changed, the bank stated that there will be a service bond of 1 lakh rupees. I signed the bond for getting the job. Now i want to leave the organization, can the bond be a voidable bond on account of the principle of undue influence as per Indian Contract Act?

When I signed the bond I had no option to sign it. The bank though its recruitment exam never mentioned that there would be a bond or else I would not have chosen it.

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P. Venu (Expert) 28 November 2017
The bond could be invoked only if the Employer had imparted you some specialized training.

Dr J C Vashista (Expert) 29 November 2017
To add to the expert advise of Mr. P Venu, which I fully agree, employer wants to continue with his employee.

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