indemnity bond of three year

Querist : Anonymous (Querist) 13 January 2011 This query is : Resolved
Hi, my wife is working with a coopreative bank in Mumbai. At the time of joining, she signed a indemnity bond of three year which asks for 75000 if she leave the bank before 3 years. However, the working conditions in the Bank are not good and she wants to resign. Also after almost 2 years she is not confirmed, whereas the probation period was 1 year. What options do we have. If she resigns, can we have to pay 75000 as we have signed the deed or we have a case as she is not confirmed even after 2 years and work conditions are bad.

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Advocate. Arunagiri (Expert) 13 January 2011
You have to pay Rs.75000/-, if you want to leave. The reasons may be a defense for you, if the employer sues you.

Ajay Bansal (Expert) 14 January 2011
Agreed with Arunagiri.

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