I would be grateful if someone could tell me whether or not I need to pay a bond amount of more than 2 lakhs even after resigning during the probation period. My company has a bond of 1 year and a probation period of 1 month. However, I have resigned during the probation period, i.e., before the confirmation of my services.
Please inform me if it is mandatory to pay the bond amount in this case.
Thanks,
Appysy
From India, Delhi
Acknowledge(0)
Amend(0)
Please inform me if it is mandatory to pay the bond amount in this case.
Thanks,
Appysy
From India, Delhi
Acknowledge(0)Amend(0)
Your case is similar to the one we discussed a few days back. I have already provided a response to that query, so I suggest that you please go through the link below to find a valuable solution to your issue: https://www.citehr.com/493679-pay-am...d-me-work.html
Your case is akin to the one in the link above, with the only difference being your probation period. My response applies to your query as well.
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
399Your case is akin to the one in the link above, with the only difference being your probation period. My response applies to your query as well.
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
Sorry, Ankit, but your case is different from what I am asking. I had signed a 1-year bond of 2 lakhs with my company at the time of joining. However, since I have resigned before completing my probation period (1 month), I just want to know if I still need to pay the bond amount. What happens if I don't pay the said amount?
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Bond Enforceability in India
No bond is enforceable in India. You do not have to pay anything unless and until they have made a tangible investment in you in terms of training. Even the investment made must be substantial. Just tell them that bonded labor was abolished in India a long time ago. You can look up the various posts on bonds in the forum. There have been lots of posts on why bonds are not enforceable.
From United+States, San+Francisco
Acknowledge(0)Amend(0)
No bond is enforceable in India. You do not have to pay anything unless and until they have made a tangible investment in you in terms of training. Even the investment made must be substantial. Just tell them that bonded labor was abolished in India a long time ago. You can look up the various posts on bonds in the forum. There have been lots of posts on why bonds are not enforceable.
From United+States, San+Francisco
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Withdrawl of Resignation and Notice period.doc