I have to pay a bond amount of seventy-five thousand rupees for leaving my company (an IT company), which is being adjusted with my salary for now.
I just want to ask whether the HR can deny me the xerox copy of the bond based on which I have to pay the amount. Also, what kind of letter should I expect from them that properly states I have paid that much amount and am free to work in another company after serving my notice period.
From India, Mumbai
Acknowledge(0)
Amend(0)
I just want to ask whether the HR can deny me the xerox copy of the bond based on which I have to pay the amount. Also, what kind of letter should I expect from them that properly states I have paid that much amount and am free to work in another company after serving my notice period.
From India, Mumbai
Acknowledge(0)Amend(0)
Hi Ramsyadav,
Do you remember the clause which was mentioned in the bond that you had signed with the company? They cannot deny giving you a copy of the bond that you had signed as that is your right to ask. Also, upon receipt of your amount, they should provide you with a final clearance letter or an F&F letter. I think you definitely need to check with a lawyer before moving ahead with the payment.
From India, Bangalore
Acknowledge(0)Amend(0)
482Do you remember the clause which was mentioned in the bond that you had signed with the company? They cannot deny giving you a copy of the bond that you had signed as that is your right to ask. Also, upon receipt of your amount, they should provide you with a final clearance letter or an F&F letter. I think you definitely need to check with a lawyer before moving ahead with the payment.
From India, Bangalore
Acknowledge(0)Amend(0)
The company is bound to give you a copy of the bond for your record.
Why do you have to pay bond money? What are the circumstances of your leaving the job - give more clear details - when you joined - why are you leaving, what notice have you given them, etc. Your post is incomplete, and with these details, advice/suggestions cannot be useful. Put in a written demand/request for a copy of the agreement.
From India, Pune
Acknowledge(0)Amend(0)
Why do you have to pay bond money? What are the circumstances of your leaving the job - give more clear details - when you joined - why are you leaving, what notice have you given them, etc. Your post is incomplete, and with these details, advice/suggestions cannot be useful. Put in a written demand/request for a copy of the agreement.
From India, Pune
Acknowledge(0)Amend(0)
Dear Rams Yadav,
A bond is an agreement between two parties. Both parties should therefore have copies.
After completing the bond amount in the stipulated time as specified in the appointment/offer letter, please ensure to take in writing that the complete amount has been received and the same will be paid to the individual as per the contract terms.
Regards
From India, Mumbai
Acknowledge(0)Amend(0)
A bond is an agreement between two parties. Both parties should therefore have copies.
After completing the bond amount in the stipulated time as specified in the appointment/offer letter, please ensure to take in writing that the complete amount has been received and the same will be paid to the individual as per the contract terms.
Regards
From India, Mumbai
Acknowledge(0)Amend(0)
Training Expenses and Salary Deductions
Unless the company provides special training abroad or locally at an external location by incurring expenses, the company can recover only the actual amount spent. If this condition is not met, the company does not have the right to reclaim the amount from the employee based on a non-enforceable bond in a court of law.
For deducting any amount from the salary or wages other than statutory dues, written consent from the employee is required before making deductions from the salary.
From India, Bangalore
Acknowledge(0)Amend(0)
Unless the company provides special training abroad or locally at an external location by incurring expenses, the company can recover only the actual amount spent. If this condition is not met, the company does not have the right to reclaim the amount from the employee based on a non-enforceable bond in a court of law.
For deducting any amount from the salary or wages other than statutory dues, written consent from the employee is required before making deductions from the salary.
From India, Bangalore
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Employee Benefits.doc
Employee Benefits.zip