I have joined one of the leading IT company on sep 2009. Before joining, i had to sign a service bond, on the non-judicial stamp paper of 100 rs. I had undergone through the training provided by them. The bond to provide them service is for 2 years. It is mentioned in the bond that, if howsoever, in any circumstance, i leave the organisation before the completion of bond period, i will have to pay an amount of 2 lakhs Rs. I have been given very less salary competitive to other IT companies. Now, after 6 months in the company, i felt that there is no future in the current company with respect to career and money, so i given interview in one another MNC. I got selected there with a much higher package, now the new company is asking to get relieving letter from the previous company.
My concern is, can i break the bond in this circumstances? if yes, what could be the implications of this? Would this bond be legal, as they have given me training for 4 months? is there any other way to leave the current company? Please help me, i am getting too frustrated here.
Also, if i break the bond, is there any possibility that they put me in abscoded list? or even can they put a check on visa process?