Mr. Gangadhar has given valuable advice. Kindly follow it.
Employee should always go thru all service related regulations, rules preferably before joining and before taking any decision.
Incidentally Bank’s have Employees Unions and all documents are available on Employee’s and Union portals.
It is your first posting. You may look into rules of the bank and find out ‘What is your Parent state’ now. It appears this posting is given for exposure to rural area.
Before you initiate parleys with company you must ensure to get on record in writing what exactly is to be done by you before and after you tender the resignation and making the payment………………. and what documents you want and should get from the company……………………
Even if you pay the liquidated damages bank shall ask you to serve full notice period.
If you want to get a waiver you may try.
You may also explore the possibilities of pro rated payment of liquidated damages.
Your lawyer and employees union of the bank can help you to understand the nuances of the matter after looking into all of your documents.
There are guidelines for posting and transfer, which should be available at the Bank’s, Bank Employee’s union website. Bank like Union bank of India has taken into consideration the concept of ‘Parent State’, ‘Next Nearest State’. Employees outside parent state are considered for transfer back to their parent state after 3Years.
Still you must have seen that people from South India are located in North India and from North India in South India.
The hidden/unspoken/unwritten strategy could be that the employee won’t have social circle, and nothing else to do than to work for the bank only. The employee is not expected to complain for long work hours………………….
If you are not inclined to pay and adhere to the internal policies of the bank, you shall see that bank will become rigid and adamant.
If you decide to agitate:
Before you proceed on your own do your home work and gather some written and favorable record to suit you in the long run, that can prove employer unworthy of being employed with.
If you are forced to work for long and extended work hours you should have favorable record……………..like when the tasks were handed over to you………………….when the tasks should have been handed over to you………………….and at what time you were able to complete the tasks………………………and at what time you left the bank.
Mark the timings and keep the copies.
If the matter lands up in court of law the court of law shall decide the reasonableness of the matter and reasonable amounts if any to be paid.
Litigation can be stressful and lengthy for some of the employees.
Consult elders in the family and your lawyer and union leaders too.
The counsel of an experienced lawyer and seasoned trade union leaders shall help you.
