• Applicability of Service Bond

Hello,
I was working with a PSU Bank. Service bond was applicable for three years or in liew payment of Rs. 2.50 lacs was to be made. However the bank missed getting the legal document / bond agreement signed from me at time of joining. hence no such valid document is available with the bank.

I left the organisation and paid 2.50 lacs, given that the next opportunity was to be captured.

Further i was not provided with any formal training by the bank, except for if we may consider ON THE JOB.

Now what is legal aspect in above situation and how can i claim the amount back.
Asked 6 years ago in Labour

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10 Answers

See since you paid amount in lieu of same you can file a suit to recover the amount since no bond such as was signed by you.

Shubham Jhajharia
Advocate, Ahmedabad
25513 Answers
179 Consultations

1.  Issue a Legal Notice to the Bank, to return your money alongwith interest, within 10 working days, stating that you inadvertently paid the money due to some misunderstanding and that you have no legal liability to the Bank for the Bank to receive such money from you.

2. IF the Bank fails to comply, THEN file Civil Court suit for Recovery of your money alongwith Interest & litigation costs.

Hemant Agarwal
Advocate, Mumbai
5612 Answers
25 Consultations

Sue the bank to recover Rs 2.50 lakhs paid by you 

 

2) take the plea  that company did not spend any money on your training and you have not signed any service bond 

Ajay Sethi
Advocate, Mumbai
99980 Answers
8162 Consultations

You need to file a suit for recovery of the said amount from bank

Prashant Nayak
Advocate, Mumbai
34663 Answers
249 Consultations

If you have paid the same that means you accepted the liability and paid the same. 

However, you can send a legal notice and make a case that the said amount was forcefully taken from you and that now you seek refund. 

if they do not reply to the legal notice then in that case you can file a suit for recovery and claim the money from the bank. 

 

 

Regards 

Anilesh Tewari
Advocate, New Delhi
18103 Answers
377 Consultations

1. Unless you have paid the amount under protest you cannot maintain a suit for recovery of money.

2. That you paid the amount demanded by the employer shows that you have submitted yourself to the contract of employment, hence you cannot recover it unless paid under protest.

Ashish Davessar
Advocate, Jaipur
30843 Answers
982 Consultations

You can file recovery of money Suit .

Issue a legal notice through an advocate and file recovery suit 

Mohammed Mujeeb
Advocate, Hyderabad
19375 Answers
32 Consultations

1. You should not have paid the amount if joining agreement was not signed by you. 

2. And if you have paid the amount the it show that you have accepted the terms of joining letter hence you cannot claim amount on this ground. 

Mohit Kapoor
Advocate, Rohtak
10686 Answers
7 Consultations

Why you have paid the amount, Even if document may not have delivered to bank, it must be in there service rules.

Well, can file recovery suit, onus on bank to prove bond price was mandatory and agreed by you.

Yogendra Singh Rajawat
Advocate, Jaipur
23085 Answers
31 Consultations

You have already agreed to the conditions and paid the amount to the authorities on resignation. 

This clearly implies that you have accepted and agreed to the terms of employment and resignation without any objection to the demands made by the authorities while issuing you the relieving letter.

Thereby, in my opinion, you have lost a chance to demand the same when you had an opportunity, hence it may not be maintainable if the authorities reject and you may take up the case through court for recovery.

 

T Kalaiselvan
Advocate, Vellore
90182 Answers
2506 Consultations

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