I joined a reputed Coaching Institute as Physics Faculty 5 months back . Before joining I was made to sign a service rule document which stated that I am signing a two year contract with company therefore I can not leave company before 2 yrs . Moreover 10 % of my salary is deducted as Sincerity which I immediately loose if I do not serve above 2 yr period. Apart from that Company has kept a signed undated security check of around 3 lakhs .
Having served in company for 5 months I can say they are literally expoiting faculties. Sometimes even one weekly off is also not given. During PTM the extra time teachers spent are never compensated. Even on slight complaint of weak indisciplined students teachers are changed causing great humiliation. If I leave the company can company take any legal action against me. I am not expecting back any sincerity deducted so far . But security check amount is huge plus I can not afford any legal complications .
Kindly advise.
I have also read some "Employement Bonds are not enforcable in India"