Can I Resign During My Bond Period Without Paying the Penalty?

I am working for an MNC where I am required to sign a 2-year bond (in which, in case of discrimination, I would need to pay 2 lakhs) upon joining. Currently, I have completed 1 year and 9 months with the company. Our company has a 3-month notice period.

I would like to inquire if I can resign now and serve the remaining 3 months as part of the notice period. If I resign at this point, would I still be required to pay 2 lakhs?

Your prompt response to this matter would be greatly appreciated as this is urgent.

Thank you,
Narayana

The notice period is a part of the working period; in other words, it is part of the bond period. I believe you can serve the notice in three months.

Regards,
Rajeev Kumar
Bangalore

Dear Narayana, this usually depends on your company policy. Kindly consider that before assuming anything that you feel is right for you.

Understanding Employment Bonds

Bonds are made to retain an employee for a pre-defined period. Any company would not want its employee to resign during that phase, and if done so, is liable to pay the pre-fixed amount. Considering your case, I do not agree that you can resign at this stage. The moment you do so, you invite troubles for yourself. The notice period does not make part of the bonded period.

Regards,