Dear HR Fraternity,
I'm working in a company where I have signed a bond for 3 years, and I have completed 1.6 years. Due to job satisfaction and other health issues, I have resigned. I currently hold a good offer in the automobile industry, but I am required to pay a bond amount of ₹2.5 lakhs to my current employer.
I was on medical leave for one month (December 2024) without pay and resumed work thereafter. On 18/02/2025, my current employer agreed to waive the bond amount and provide my relieving letter. However, today, they have informed me that I must pay the bond amount, with only the notice period being waived. I am seeking guidance on how to handle this sudden change in decision. What would be the best course of action in this situation?
From India, Bengaluru
Acknowledge(0)
Amend(0)
I'm working in a company where I have signed a bond for 3 years, and I have completed 1.6 years. Due to job satisfaction and other health issues, I have resigned. I currently hold a good offer in the automobile industry, but I am required to pay a bond amount of ₹2.5 lakhs to my current employer.
I was on medical leave for one month (December 2024) without pay and resumed work thereafter. On 18/02/2025, my current employer agreed to waive the bond amount and provide my relieving letter. However, today, they have informed me that I must pay the bond amount, with only the notice period being waived. I am seeking guidance on how to handle this sudden change in decision. What would be the best course of action in this situation?
From India, Bengaluru
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.
Bond of Employment.doc
Bond in employment.pdf