Hello,
I have submitted an undated cheque work 1 Lac to my previous employer. They took this cheque from me as a retention amount during my last appraisal. In return to this, I have not received any letter that what is the purpose behind this cheque in spite of asking it for number of times. All I received was a brief email as mentioned below.
"As per our talk , I would like to assure you about safety of your cheque.
It will be returned back to you at the time of your next appraisal in October 2013. And this has been taken as part of retention amount from you.
I hope this will satisfy your demand."
In June 2013, I resigned from the company and had to join another employer urgently. I asked them to deposit my cheque and issue me an experience letter in return. Due to good relationship with my boss, they neither deposited the cheque nor issued me an experience letter.
Now, after a year I received a call from my previous employer saying that they are going to deposit my cheque. When I said I am fine with this but you will have to provide me an experience/relieving letter, they are not confirming to this. They are not confirming that they will be sending me experience letter.
I have hold them for few days with a reason that I need to arrange funds before you deposit the money. I am not sure what should I do in this case?
Can anyone help me with this?
Please note that I have not signed any legal contract/bond with my previous employer. The cheque was just taken as security amount.
Need help urgently.
