Concerned About Indemnity Bond Validity After Resigning Due to Health Issues? Let's Discuss

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Dear Sir/Madam,

I wish to inform you that I have joined a PSU bank as an officer. As part of my agreement, I provided an indemnity bond committing to work for the bank for a certain number of years. However, due to health reasons, I had to resign from my position. It's important to note that I have not received any monetary benefits, including my training stipend and salary.

I am now concerned about the validity of the bond given the circumstances. I kindly request assistance in resolving this matter.

Thank you for your attention to this issue.

Sincerely
pca
As per Section 27 of the Indian Contract Act, such a contract is not valid. Please refer to the attached article in this regard.
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