Employment Bond Issue

Querist : Anonymous (Querist) 15 December 2009 This query is : Resolved
I just finished my graduation and joined a company which had a bond for 2 Lakh for 2 years. I joined the company thinking everythings going to be fine.But now as i do not like the nature of job I want to quit. I'm getting really frustrated with the kind of work and unhappy.Do I have to bare it all just because i signed the bond.Moreover the company has not given me any training.

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Devajyoti Barman (Expert) 15 December 2009
If your company has got an employment agreement at the time of your induction then you are guided by its terms and conditions. The Bond you are stating about may either be a security deposit in which case you should not have any problem in getting back the same at the time of quitting the job or a condition of forfeiture to restrain you from leaving the job before the stipulated period of two years of service.

Raj Kumar Makkad (Expert) 15 December 2009
I do agree with barman

Ajay Bansal (Expert) 16 December 2009
If two years are yet to be completed,then you have to pay the amount of Bond.

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