@ Anirudh,
Always initiate a new thread.
It has already been pointed out in this thread that Notice period/pay is part of service conditions……………………and does not depend upon T&C inserted by employer in any private agreement drafted by employer and signed with employee……………………………alone!
There are many threads on it that you may find relevant and can pick up points that are useful to you e.g:
The banks are for private gain and are covered as Commercial Establsihments.
The (Name of the State) Shops and Commercial Establishments ACT WAS ENACTED TO GOVERN THE SERVICE CONDITIONS OF EMPLOYEES in establsihments covered by the Act.The noticeperiod/pay is stated in this Act.
STANDING ORDERS ARE ALSO APPLICABLE.
the negotiated servce cinditions between employees (representative of employees/unions) and employer can BE SUPERIOR to the enactments aplicable to the establsihment but can not be inferior or it may not stand the test of law.
https://www.lawyersclubindia.com/forum/Notice-period-102337.asp#.U51N3pSSwb8
https://www.lawyersclubindia.com/forum/Whether-notice-period-has-to-be-given-during-probation-91808.asp#.UwDFP0eBmXU
https://www.lawyersclubindia.com/experts/Employer-not-giving-relieving-letter-476871.asp#.U51fPpSSwb8
https://www.lawyersclubindia.com/forum/3-notice-period-relaxation-advice-103873.asp#.U6Uei5SSwb8
It has been mentioned in one of threads that Chief Inspector under this Act stated that notice period stated in the Act shall prevail upon notice period stated in appointment letter.
https://www.lawyersclubindia.com/forum/Employer-not-relieving-employee-contt-89308.asp#.UkP5C9KAqWM
If you are not covered as ‘Workman’ as in ID Act, ‘Employee’ as in (Name of the State) Shops and Commercial Establishments ACT, Labor laws then the service conditions applicable to you might be as per service rules and regulations of the establsihment.
Usually it is stated in appointment letter that service codntions shall be governed by HR policy/ service rules and regulations………………………although these are normally not supplied along with appointment letter and ill informed employees sign acceptance of the appointment letetr without availing HR policy/ service rules and regulations refrence of which is made in appointment leter as that these shall govern service codnitions.
YOu may download the HR policy/ service rules and regulations………………………….as applicable on date of joining, and amneded thereafter…………………………
For any change in service codnitins a prior notice should be given by employer to employee and the change in service codnitons should be accpeted by employee in writing for it to become effective………………………..
You may check if Bank employee’s union on behalf of bank employee’s made any agreement to such change.
The bank on its part shall claim that its stand is correct and that it has already been inserted in appointment letter accepted by employee that …………………………….employee agrees to abide by the change in T&C effected by employer from time to time……………………..and also that individual is not covered as ‘Workman’ as in ID Act, ‘Employee’ as in (Name of the State) Shops and Commercial Establishments ACT,…………………………………..the relationship is that of ‘master-servant’………………………….speciic releif act shall apply and contract of personal service can not be enfiorced in court of law………………
The contract of employment should promote equitable discretion for both employer and employee. The T&C in contract of employment that are not equitable can be easily termed arbitrary.
If employer (bank) can terminate employment without allowing serving full notice period stated in appointment letter drafted by it then employee san also do it, and can offer notice pay in lieu of notice period.
The notice of resignation and subsequent communications should be carefully drafted…………………………………..
The bank may claim that service of full notice period is required to complete tasks/unfinished tasks and may decline to issue relieving letter…………………………….may resort to unethical practices and to declare you absenting/absconding/abstaining………………………………i.e a misconduct……………
Hence it is strongly recommended that you should approach a Labor Consultant/Service lawyer with all docs on record, give inputs in person, understand the merits, and proceed under expert advise of your lawyer…………………………….and let your lawyer draft all your representations……………………………………….
Even in many of the private banks the employees are united and member of unions of bank employees…………………………….