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Dear Sir,

I am working in mid level IT consulting firm and had signed the bond with the company for 1 year which will
end in November 2014, and company has policy of 3 months notice period.

However I am getting the very good opportunity in MNC and want to change the job any how.
I am worried, if I pay the company the bond amount, will they relieve me immediately or they will also demand the
notice period.

I can't wait for the time of 3 months to join the new firm, or else I may lose opportunity.

Please guide me in case they tell me serve 3 months notice and pay the bond amount both.

Thanks and Regards
10th June 2014 From India, Mumbai
Dear , if you want to change no one policy can stop you. If will paid notice amt. With rgd, mrityunjay
10th June 2014 From India, New Delhi
Dear Promaster,
If you want to change in between employment agreement time than you need to pay only bond amount no need to serve any notice period. However kindly refer your terms and condition in your bond paper which you have singed. You should go with new firm.
10th June 2014 From India, Ahmedabad
Dear there is no need for notice for 3 month if you can give reasonable excuse and have good communication with seniors.
11th June 2014 From India, New Delhi
Dear You can demand to your company to increase your package , if you not increase than you can leave the company on this ground. sanjeev verma
12th June 2014 From India, Thane
You can approach AIITEA or ITEC for right guidance and support from the IT Employee community.
12th June 2014 From United Kingdom, Reading
Dear Promaster,

Please go through the terms & conditions of the bond carefully,which you have signed with the company.Normally the bond and notice period are not linked as both are independent. In normal conditions, once you complete the bond period,they should suitably place you in the organisation by giving you letter of appointment with new terms and conditions, which may include a notice period of one month or three month,as the case may be.

In my opinion, the company should set you free once you agree to pay the bond amount mentioned in the bond agreement without insisting you to work for three months or pay in lieu thereof. You can talk to HRD head and explain him the circumstances.I hope he will be convinced.

If the above doesn't materlised, take a risk and abandon the present job by putting an application that due to the family circustances you are not in a position to continue to work in the company.

Don't leave the opportunity you are getting in the MNC,which comes very seldom in life.My experience is that no management has ever been able to successfully recoved the bond amount as the bond itself is always ONE-SIDED where you can not leave the organisation but the management has the inherent right to show you the doors any time.

BS Kalsi

Member since Aug 2011
13th June 2014 From India, Mumbai
Hi,
On First Place, We are not bounded labor ...... ALL BOND are Illegal except if they have not incurred any cost on your personal training
Read This
https://www.citehr.com/46589-employm...-services.html
Remember If you try to be smart then They have the power of money and you would only attract their attention.
So go and discuss and show them the articles and sections in LAW but PRIVATELY in closed cabin and tell them that U know cases would not help organization but help employee only so lets close with on Mutual uderstanding. otherwise thr might be many others who are ready to be witness and leave you quickly................
If they try to be oversmart then whow them midle finger ..I.
ALL THE BEST !!!
18th June 2014 From India, Delhi
Dear All,
I thank you for your valuable responses, From these replies I had got some clarity to handle the situation.
But I am wondering that, would it be possible to recover all relieving docs without paying the amount and up to what extent this can get messed up.
Thanks and Regards.
27th June 2014 From India, Mumbai
Dear All,
I finally put on my resignation and my company told me to pay for bond and serve the notice period of 3 months or else pay Bond Amount + 3 Months Salary to get relieved immediately.
I am really stucked in here and cant leave, I am afraid I will loose my MNC oppurtunity.
Please advice what can be done now.
Regards,
Pawan Valecha
3rd August 2014 From India, Mumbai
This is illogical on the part of company. I do not want to get into the technicalities on whether bond is valid or not, as it depends on cost incurred by company on you and other factors.
What sounds bizarre is, company asking you to pay money and also serve 3 months. The clause should be either bond amount or 3 months notice. Company can demand only any one of this (I am saying this, as I don't know how much company has spent on your training or on-site assignments). To my knowledge, there can be no notice period clause during the service agreement period.
As a boarder has mentioned, an agreement should offer remedy to both parties in case of default by either of them. One sided agreements are illegal.
4th August 2014 From India, Madras
Dear Sivaramakrishnan,
Company had not given me any paid training though, HR keeps on telling me that the these are the company policies and we have to follow etc and even they are not clearing my 2 months of salary and they are telling me that they will clear the remaining salary in FNF. And I came to know from other ex employees that they take too much of time to clear FNF too. I am facing bizarre conditions at my work place. Please tell me is there any way that I can handle the condition. Even I am facing financial issues in family.
Regards,
4th August 2014 From India, Mumbai
#Anonymous
[QUOTE=promaster88;2155787]Dear Sir,

I have same problem pleas suggest me
I am working in UAE Exchange & financial services ltd. firm and had signed the bond with the company for 1 year which will
end in april 2015, and company has policy of 1 months notice period.

However I am getting the very good opportunity in shree fiance and want to change the job any how.
I am worried, if I pay the company the bond amount, will they relieve me immediately
They will demand the me 10thousand rupees than i will leave that job.
I give resign that company and also give 1 month notice the period end on 25 augest.
They will not interested in notice period thay want 10 thousand rupees


Please guide me in case they tell me
I don't want to pay

Thanks and Regards
4th August 2014 From India, Nagpur
I am working in UAE Exchange & financial services ltd. firm and had signed the bond with the company for 1 year which will
end in april 2015, and company has policy of 1 months notice period.

However I am getting the very good opportunity in shree fiance and want to change the job any how.
I am worried, if I pay the company the bond amount, will they relieve me immediately
They will demand the me 10thousand rupees than i will leave that job.
I give resign that company and also give 1 month notice the period end on 25 augest.
They will not interested in notice period thay want 10 thousand rupees


Please guide me in case they tell me
I don't want to pay

Thanks and Regards
4th August 2014 From India, Nagpur
@ Promaster
No company can insist its employee to pay bond amount and also serve notice period. You take up the new job with MNC. MNCs conduct back ground verification. Your current company may not give good feedback to this MNC and might even mark you as absconder. Then it would be a problem with new employer too. Hence, you inform the new employer about the situation beforehand
5th August 2014 From India, Madras
yes still i am in notice period my notice period end on 25 th augest
But they said u paid only 10000/- and i am saying my regional head don't give my salary on this month u take the all
Sir said we r not given salary this month because you r giving the resign on uae system
So my attendance will not showing system so how get may salary
and i m not able to give 10000/- cash
so what can i do now
5th August 2014 From India, Nagpur
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