Agreement Asking For A Cheque As Sec

hi,
i want to take an opinion of you guys on the following for my friend
she has got an offer from an IT firm for joining as a recruiter but tells that she would have to sign a bond of 2 years .and also apart from signing a bond she has to give a cheque without date of Rs.2.5 lakh as a security with the bond ,if she leaves the company before 2 years that cheque will be encashed otherwise it will be returned to her after completing 2 years.
i have heard before that companies sign the bond and asks to pay the amount if an employee wants to leave before 2 years but is this a new thing in this industry that they ask for a cheque in luie of the security. i mean what is the use of the bond then if they are asking for the cheque.
they might even misue it , so what should she do,any idea as to the cheque should be given or only a bond should be signed.

Hi,
If the company is going to spend some amount on giving specific training after your firend joins, they are justified in asking the service bond. BUT, asking for undated cheque for 2.5 lacs is not justified at all !! Please ask her to check the bonafides of the company before accepting the offer.
regards,
Naresh Taneja

Dear
Collecting a Cheque as Security is to take Criminal Action u/s138 of Negotiable Instruments Act.
With Regards

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Hi,
The company signs the bond agreement in which the terms and condition are mentioned . the company can ask to pay some amount if they have invested on your training but they cannot ask you to give a undated cheque.