Bond amount and Experience certificate
1 year ago
I have a bond with my employer which I accepted since It was a college placement and I couldn't ask them to alter the terms and conditions. It is a 3 year bond and I have already completed 2 years. The employer asked me to come to Office location but I can't go because of medical issue of dependent parents. I resigned and now they are asking me to pay the entire bond amount. It was 17000 per month and the performance bonus as well. For 2 years, it sums upto 6 Lacs including the bonus part. What should I do? If i don't pay them, they won't be giving me relieving letter which I will need at every employer. Can they initiate legal action against me as well?
A.Hello,
As per the information you have given it is advisable that the company cannot initiate any legal action against you.
As per the information you have given it is advisable that the company cannot initiate any legal action against you.
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