Facing Immediate Resignation: Can a Bank Really Bar You from Future Jobs?

I worked for a private bank for 1 month, with the profile involving Current/Savings account sourcing. I was prepared for this type of sales profile, but upon joining, I discovered it was a door-to-door sales job, which did not interest me.

I discussed my concerns with my seniors, who informed me that promotion would only be considered after achieving targets consistently for a year, and a role change would only be possible after a minimum of two years.

Meanwhile, I received a better offer from another company requiring an immediate start. Consequently, I could not provide the bank with the official 15 days' notice and had to resign with immediate effect. I agreed to pay the bank a 15-day salary in lieu of the notice period. However, when I discussed this with my boss and HR manager, both refused to agree, citing HR policies.

The bank rejected my resignation letter and threatened termination, stating that my name would be added to a database shared by all banks. They claim that once this update occurs, I would be permanently barred from working in the banking sector. How accurate is this claim?

Please advise on what actions the bank can take, the potential consequences, and what steps I should take in this situation.

Review Your Appointment Terms

You need to review the terms of your appointment, as they might have been listed in your offer or appointment letter. Instead of a verbal discussion, it is advisable to provide a written request to the HR department, asking to be informed about the amount you will have to pay in lieu of the notice period, which you are prepared to pay. Subsequently, wait for a response.

Database of Employees Leaving a Bank

I don't believe there is a database of employees leaving a bank that is shared by the banking industry. That may simply be a tactic to intimidate.

Regards.

It seems from the details of your post that, as per the terms of appointment, you can resign by giving a 15-day notice or pay wages in lieu thereof. Once you exercise the option to terminate the service, they have to accept the resignation since they have conceded that right to you under the contract of service. They cannot terminate the services at their whim as it is not permissible. You can negotiate the matter amicably, as Mr. Dhingra suggested, for a smooth exit.

Regards,
B. Saikumar
Mumbai
[Phone Number Removed For Privacy Reasons]

Thank you loads for the reply. The offer letter says that I have to give a 15-day notice, but nothing about the salary in lieu of notice is mentioned. I myself offered this option to them since I required to be relieved at the earliest. To what extent can the bank spoil my career from here onwards?