Dear Kalps,
Is it that the MNC is your ex-company and you have changed your job and as a part of the background verification, a reference check is being made? Is my understanding correct?
However, for reference check why a company is asking for an "Indemnity Bond" is not understood. The definition of indemnity is
protection against future loss or
legal exemption from liability for damages. By providing a reference to your current/future company what your past company will incur loss? By providing a reference what damage your past will incur so that they want a legal cover against the damage?
Suppose a company is taking their employees to a resort for some event. If the company seeks a
letter of indemnity from the employees then it is understandable. But your case is different.
Please clarify the context of the indemnity bond.
Thanks,
Dinesh Divekar