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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 about interest after 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.
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Simply ask for more money compared to your bond amount ..
For eg. if they has taken 3 lac from you before 5 yrs., say them that I require 5 lac for my relative operation, purchasing house or for any other reason which will fetch you money.
Automatically they will give you your money.
If they give you more return them taking interest and if they give you less tell them that i have given you this many rs. and you have not give me any.
Hardik360, what sort of answer you are giving? is it relevant???
@man-i-c, did you deposit cash for bond amount? If they are returning cash deposit after the expiry of bond period, send them a letter to return the cash deposit. If you are confronting them with interest claim, it may not be in good interest in long term if you intend to continue there.
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