I had a bond with a company for 3 years. It has been 5 years since the bond period expired, but the bond amount has not been returned to me. Am I eligible for interest on the amount for the period after the bond period (5 years) even though there is no specific mention of interest after the bond period? During the bond period, it is mentioned that no interest will be paid.
What recourse do I have to get both my bond amount and interest back?
From India, Kochi
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What recourse do I have to get both my bond amount and interest back?
From India, Kochi
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Requesting a Refund of Bond Amount
Simply ask for more money compared to your bond amount. For example, if they have taken 3 lakh from you before 5 years, tell them that you require 5 lakh for a relative's operation, purchasing a house, or for any other reason that will bring you money. They will automatically give you your money.
If they give you more, return the excess with interest. If they give you less, remind them of the amount you have given and that they have not reciprocated.
From India, Surat
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Simply ask for more money compared to your bond amount. For example, if they have taken 3 lakh from you before 5 years, tell them that you require 5 lakh for a relative's operation, purchasing a house, or for any other reason that will bring you money. They will automatically give you your money.
If they give you more, return the excess with interest. If they give you less, remind them of the amount you have given and that they have not reciprocated.
From India, Surat
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What sort of answer are you giving, Hardik360? Is it relevant?
Cash Deposit for Bond Amount
@man-i-c, did you deposit cash for the bond amount? If they are returning the cash deposit after the expiry of the bond period, send them a letter to request the return of the cash deposit. If you are confronting them with an interest claim, it may not be in your best interest in the long term if you intend to continue there.
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From India, Lucknow
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616Cash Deposit for Bond Amount
@man-i-c, did you deposit cash for the bond amount? If they are returning the cash deposit after the expiry of the bond period, send them a letter to request the return of the cash deposit. If you are confronting them with an interest claim, it may not be in your best interest in the long term if you intend to continue there.
Regards
From India, Lucknow
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