Employment bond Concern
9 months ago
I need to know one thing ,as I have signed employment bond with one of public sector bank of Rs 1 lac ( during joining I have given ) Rs 10 k for it ,but later after 1 month I informed them that to transfer closest to my hometown from Mumbai location due to my medical issue but they just pass the time for 2-3 months now they are telling me to resign and give the bond money otherwise they are saying they will take action against me ,and also I Have not withdraw any amount of salary from the bank ,so please let me know Is employment bond is legal in India whether bank can take legal steps ?
A.incase of medical issue the employment bond cannot come into force and you can get the waiver also need to read your appointment letter kindly share it with us.
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Anonymous
Replied 9 months ago
Can you provide your wats ap no so that I can contact to you
A.Dear client,
. Employment bonds are legal agreements that establish certain obligations between an employer and an employee. However, the legality and enforceability of such bonds can depend on various factors, including the terms and conditions mentioned in the bond and the specific employment laws of India.
It's important to review the terms and conditions stated in your employment bond to understand the obligations and consequences mentioned within it. Some employment bonds have clauses specifying the repayment of a certain amount if an employee resigns before a specified period of time. If you signed an employment bond that includes such a clause, it may be enforceable, and the bank could potentially take legal action to recover the bond amount.
However, employment bonds that have excessively high penalties or are considered unreasonable by the court may not be enforceable. Courts in India have, in certain cases, invalidated employment bonds that were deemed to be oppressive or against public policy.
To understand the specifics of your situation and the legal implications of your employment bond, it is advisable to consult with an employment lawyer who is familiar with Indian labor laws. They will be able to review your employment bond, assess its validity, and provide you with advice tailored to your circumstances. They can also guide you on your rights and obligations as an employee in this situation.
. Employment bonds are legal agreements that establish certain obligations between an employer and an employee. However, the legality and enforceability of such bonds can depend on various factors, including the terms and conditions mentioned in the bond and the specific employment laws of India.
It's important to review the terms and conditions stated in your employment bond to understand the obligations and consequences mentioned within it. Some employment bonds have clauses specifying the repayment of a certain amount if an employee resigns before a specified period of time. If you signed an employment bond that includes such a clause, it may be enforceable, and the bank could potentially take legal action to recover the bond amount.
However, employment bonds that have excessively high penalties or are considered unreasonable by the court may not be enforceable. Courts in India have, in certain cases, invalidated employment bonds that were deemed to be oppressive or against public policy.
To understand the specifics of your situation and the legal implications of your employment bond, it is advisable to consult with an employment lawyer who is familiar with Indian labor laws. They will be able to review your employment bond, assess its validity, and provide you with advice tailored to your circumstances. They can also guide you on your rights and obligations as an employee in this situation.
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