Resignation, bond transfer & pay protection

This query is : Resolved 

08 October 2012

I am currently working in a PSU & have been selected in Engineering services. I have applied for ES through proper channel. In my company there is 3 months notice period for resignation & a bond of 2.5 lacs for four years. from old batch of ES I have the information that the joining will be in December, but till date I have not got the allotment letter.
Now if I resign from the services of corporation without showing the allotment letter, will they consider for bond transfer after I get the allotment letter.
Also I want to know whether I will get pay protcetion benefit in ES.

Sudhir Kumar (Expert)
18 November 2012

The language of bond is relevant.

Pay protection will be there.

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