Dopt governs psu banks?
Praveen Kumar
(Querist) 10 April 2014
This query is : Resolved
Do the service rules issued by DoPT (Dept. of Personnel Training) apply to PSU Bank employees as well?
Guest
(Expert) 10 April 2014
All PSUs are governed by the rules in line with the Rules of DOPT, but through Department of Public Enterprises (DPE)
Praveen Kumar
(Querist) 10 April 2014
Could you elaborate on the difference between a PSU and a PE?
Praveen Kumar
(Querist) 10 April 2014
http://www.dpe.nic.in/important_links/dpe_guidelines/personnel_policies/glch2dindex/glch02d31
Please read this and tell me whether this circular applies to nationalized banks as well, which are PSUs.
Guest
(Expert) 11 April 2014
Public Sector Undertaking or Public Sector Enterprise is one and the same thing
Guest
(Expert) 11 April 2014
Circular applies to nationalised banks, as these are public sector enterprises only.
Praveen Kumar
(Querist) 11 April 2014
Thank you very much for clarifying.
Guest
(Expert) 11 April 2014
u r welcome.
Rajendra K Goyal
(Expert) 11 April 2014
Well advised by the expert PS Dhingra ji, agree to it.
Praveen Kumar
(Querist) 11 April 2014
I am presently working in a nationalized bank and I've been offered employment in another nationalized bank in a specialized post. At the time of joining my current employer I had signed a service bond of 2 lakh rupees which binds me to work for the employer for 3 years. I've completed 1 and a half years of service and now I wanna switch to this new Bank which has offered me specialized post. So as per the above mentioned circular of DoPT, will my bond transfer to the new bank without paying the bond amount?
Praveen Kumar
(Querist) 11 April 2014
I am presently working in a nationalized bank and I've been offered employment in another nationalized bank in a specialized post. At the time of joining my current employer I had signed a service bond of 2 lakh rupees which binds me to work for the employer for 3 years. I've completed 1 and a half years of service and now I wanna switch to this new Bank which has offered me specialized post. So as per the above mentioned circular of DoPT, will my bond transfer to the new bank without paying the bond amount?
Guest
(Expert) 11 April 2014
Dpends upon the conditions laid down in the bond and the guidelines of the DPE.
However, if the other bank does not have any service bond condition, you will have to settle with the present employer to pay the due amount of bond.
Praveen Kumar
(Querist) 12 April 2014
Does the bond value decrease with time or does it remain the same even on the last day of the service period? E.g. if I have a three year service bond and I leave the job after serving for two years, do I have to pay the entire bond amount or would the bond value lessen due to my two years of service? Kindly clarify.
Praveen Kumar
(Querist) 12 April 2014
Does the bond value decrease with time or does it remain the same even on the last day of the service period? E.g. if I have a three year service bond and I leave the job after serving for two years, do I have to pay the entire bond amount or would the bond value lessen due to my two years of service? Kindly clarify.
Advocate. Arunagiri
(Expert) 12 April 2014
The value of the bond will not decrease.
At the same time the new bank will demand a fresh bond.
The Central govt had issued a circular on these type of switcher of jobs in between in PSU banks.
You may check with that rule.
ajay sethi
(Expert) 12 April 2014
you would have to pay entire bond amount as per terms and conditions mentioned in service bond signed by you
Praveen Kumar
(Querist) 12 April 2014
http://dpe.nic.in/important_links/dpe_guidelines/personnel_policies/glch2dindex/glch02d31
Please read this and clarify whether this applies to my situation?
Guest
(Expert) 12 April 2014
Not anyone of us, but you only need to read the said document carefully vis-a-vis the conditions of your bond and terms of your appointment order.
Reading the said document in isolation in the absence of the terms and conditions of the bond and your appointment letter by anyone of us won't serve your purpose, as only you know whether the bond is of general nature just to require you to serve for some specific period or on account of some specific scientific/ technical training imparted at the cost of Public Enterprises.
As such, it would be better if you get your case examined in detail from some service laws expert by showing all your service related documents of the present organisation.
prabhakar singh
(Expert) 12 April 2014
Did you apply for the present job through proper channel?
If yes!then since proposed employer is also a PSU, you would simply need to undertake the new job for a period still left by the previous bond,that is to say for 1 and 1/2 years.
The value of bond gets attracted even for a single day default of promise undertaken and does not get decreased in any circumstance but value is the highest compensation or damages employer can claim,even if higher loss is proved otherwise only proved damages (actually caused) can be awarded and not the entire value of the bond.
Praveen Kumar
(Querist) 12 April 2014
Thanks Mr. Prabhakar. While appearing for the interview of this new job, I had obtained N.O.C from my current employer. That's sufficient, no?
Praveen Kumar
(Querist) 12 April 2014
So what steps should I take to secure this new job?
Praveen Kumar
(Querist) 12 April 2014
So what steps should I take to secure this new job?
Guest
(Expert) 12 April 2014
Enough guidance has been provided so far.
Praveen Kumar
(Querist) 20 June 2014
Dear experts,
Both the banks, i.e., my present employer, and the one I seek to join, have denied the fact that they are governed by DPE guidelines, stating that banks have their own service rules.
I cannot afford to pay the bond amount of Rs. 2 lakh.
Please suggest a remedy.
Can I enforce the mentioned DPE circular through a WRIT OF MANDAMUS at High Court?
PLEASE HELP, MY ENTIRE CAREER IS ON STAKE BECAUSE OF THIS SINGLE SERVICE BOND.
Thanking you in anticipation.
T. Kalaiselvan, Advocate
(Expert) 11 April 2014
