LawRato

Can bond money be transfered or recovered when leaving the company


22-Aug-2023 (In Labour & Service Law)
I am currently working as Assistant manager in union bank of India where I am having a bond of Rs 2.5l for 3 years. I have already served the organisation for 1 year and 2 months. Now I have been selected for the post of Assistant Audit Officer and by this circular. I want to get my bond transferred from Union Bank of India to CAG. My query is can I get this bond transferred?
Answers (1)

Answer #1
808 votes
as you are working in union bank of india and you have served for 1 year and 2 month only.
as per bond agreement you have to pay. bond agreement held between you and union bank of india so there is no way to transfer this to any other agency or authority.
Helpful? LawRato LawRato

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."