Employment bond problem please help.

In my opinion, Please take back your resignation letter. Fulfil the contract period. Convince your bank officials.

You may show your appointment letter, bond, service rule book, standing orders of the bank { if extended to your designation}to a competent and experienced service lawyer and give inputs in person. The bond may be in violation of standing orders.

Let your lawyer evaluate the merits, and suggest the appropriate forum and remedy to you.

You may take a qualified decision as suitable to you.

You have posted that you have signed the contract by your free will.

Original Certificates should not be withheld for ever or infinite period. Bank can ask you to show the originals, to mark OSV on the copies provided by you.

Has the bank issued any acknowledgment of collection/retention of your certificates?

It is felt that the matter is civil and bank may proceed to file a civil suite.

Bank can become adamant to not to issue relieving letter, service certificate.

Bank may have its own version, however courts shall decide that if at all you have to pay an mount to bank or not and if yes how much.

If bank has provided training which added special skills or added to your qualification, bank may stake claim and courts may limit to amount actually spent on you. Bank may not be able to add force to its claim if bank has provided some training required to perform your day to day job or implement strategies, policies of the bank.

You may find the attachments useful.

You may try other options e.g. payment on prorated basis i.e. 150000/36* no. of months and a written agreement to issue relieving letter, service certificate, and avoid litigation.

     First

               (i) Ask Bank to supply a copy of the Bond which you have signed

                  Go thro the Bond throughly

                Doest it mention retention of your Original Certificates .

               We would go one by one

              Payment of 1.5lakhs or 3 months salry comes later

             FIRST AND FOREMOST YOU MUST GET THE COPY OF THE BOND , WHICH YOU HAVE SIGNED, FROM THE AUTHORITIES

            IF YOU ALREADY HAVE IT  ATTACH HERE FOR ITS STUDY IN DEPTH BY EXPERTS AND ONLY THEKN WE MAY SUGGEST SOMETHING ]

           THE FAST YOU ACT , IT WOULD BE BETTER FOR YOU

Dear Mr. Zeeshan,

In this regard, better to convince the Bank Authorities rather than legally recourse.