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How can I get the Service Bond amount refund from PSU
16-Aug-2023 (In Labour & Service Law)
Hello, I am serving a 5 year bond period in a PSU. It ended on August 8,2017. However, i resigned from service on June 21,2017 and am serving the three month notice period upto September 20,2017 during which I have made the mandatory monthly bond amount deduction upto August,2017 . The bond agreement required me to complete 60 months of service. Am I eligible to receive the refund of the bond amount during my notice period?
I am unable to understand your issue.If you serve the entire bond period and fulfilled other conditions of the service bond, how the question of deduction stated by you does arise.Is there any provision incorporated in the bond that during the currency of the bond tenure you can't even serve notice period.Any way it would be unfair on my part to offer any opinion without perusing the bond document.Contact lawRato for further instructions.
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Adv. Goutam Majumder
Kolkata | 200+ Answers
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