You might have to pay if the bond specifies a penalty. It's best to check the bond terms or consult a legal expert.

Design Verification

If you don't pay, you don't get an experience certificate.

Software Developer

Welcome to IT Company Discussion's Private Community

I have written a bond with HCLTech for three years. I have completed two years, now If I break the bond should I pay anything to them?

I have written a bond with HCLTech for three years. I have completed two years, now If I break the bond should I pay anything to them?- Grapevine

I resigned from TCS after serving for about 11 month just 1 month short of 12 month bond period of 50k
They want to me pay somewhere around 48k adjusted with leave available at that time. It's been more than 2 years now. I received a notice from a third party law firm ( not court ) asking to pay a bond amount which is around 48k + interest @18%.
What can be done in this scenario also my monthly payment was around 22k at TCS It seems they want to take all what they gave me no value for my 11 month of work.When i look back I don't see any good of joining TCS it is very frustrating. They did not send any court notice but if they go without sending after  sometime at this rate of @18 they gonna ask my personal property this is the best business model i think as of now I don't know which FD or mutual fund gives 18 % return.

TCS BOND Culture

Software Engineer

Welcome to Software Engineers's Private Community

How to get exit from hexaware Technologies without paying bond money, I have joined as an fresher

How to get exit from hexaware Technologies

One of my friends, who is highly talented and an adept competitive programmer, recently received an offer from "Tech Mahindra" with a package of 3.25 LPA and a 2.5-year service bond. Given the current tough economic climate, should he accept this offer or wait and prepare for better opportunities? Additionally, if anyone can refer him to opportunities in their current company, it would be greatly appreciated. Thanks for your help and insights!

Seeking Advise !!!

I have joined Capgemini on dec 2022 and I have resigned on 16April 2024, my last working date is 18April 2024. Will there be any amount i need to pay to company after completing 18months including notice period and still can i get experience letter and reliving letter.

Capgemini Bond

Saw this post on reddit,couldn't see any legit advice .what do you guys think should be done?

Business Analyst

Hello grapevine folks. I am a 4th year student from tier 2 college and Yamaha Solutions is visiting our college for placement drive.

They are offering 6 months internship (40k stipend) and 10 lpa package but it comes with a 2 year bond. If broken there will be 1lakh penalty.

Should I consider this company? I have apprehension regarding bond.

Yamaha Placement Drive

Welcome to Business Roles's Private Community

Is 18 months employment bonds valid in India ??

Employment bonds

Learning And Development

I have employment bond of 1 year, I just completed 2 months here and I’m not liking the old technology (80’s technology) I’ve been assigned here. The salary is hardly sufficient to lead a basic life too. 
I'm getting calls from Naukri for Java backend roles where I could see myself in the future. 

How do I handle notice period of 3 months if I get an offer and do I really have to pay them 1 lakh as penalty if I leave ?

Employment bond

System Engineer

Back in 2021, I joined a small company as a fresher with a promised CTC of 3.2 LPA and a 3-year bond. However, after joining, I discovered the actual base pay was only 1.8 LPA, and my monthly salary was just 10,500₹. So, after five months, I broke the bond and joined Accenture. 

Now, almost three years later, the previous company's advocates are sending me notices demanding 3 lakh rupees as bond repayment, and I even received a notice from the civil court yesterday. 

I'm not sure what to do next. 
Do you think this will affect my future job prospects? 

I have records of that company in my PF account, but I don't consider it as part of my work experience. 

Do you think future employers will ask for documentation for all companies listed in my PF records?

Broke Employment Bond: Legal Notice from Previous Employer

Back in 2021, I joined a small company as a fresher with a promised CTC of 3.2 LPA and a 3-year bond. However, after joining, I discovered the actual base pay was only 1.8 LPA, and my monthly salary was just 10,500₹. So, after five months, I broke the bond and joined Accenture as a fresher. 

Now, almost three years later, the previous company's advocates are sending me notices demanding 3 lakh rupees as bond repayment, and I even received a notice from the court yesterday. 

I'm not sure what to do next. 
Do you think this will affect my future job prospects? 

I have records of that company in my PF account, but I don't consider it as part of my work experience. 

Do you think future employers will ask for documentation for all companies listed in my PF records?

My friend is working as a teacher at an international school with peanut salary, bad work environment, health issues due to pollution and wants to now move out of the school/city for other personal reasons. What should she say to get out of the job before the contract ends? (1yr left out of the 3yr contract)

Contract: You'll pay all the salary (2yr) so far, the training costs and other benefits along with bank interest rates.

How to navigate evil employee contracts?

Product Manager

As a fresher, most of us have to serve a bond of 2-3 years at our first company. How can one break such bonds without having to pay them as we all know bonds are not legal. I have heard that if u break the bond they don't give u an experience letter . Does showing your payslip work? Or does anyone know of a much better way?

I have written a bond with HCLTech for three years. I have completed two years, now If I break the bond should I pay anything to them?

Discover More

Bangalore on

by Kendall Lee

Cxo

TCS BOND Culture

Software Engineers on

by Blair Olive

Hexaview technologies

How to get exit from hexaware Technologies

Software Engineers on

by Jordon Olive

Swiggy

Seeking Advise !!!

IT Company Discussion on

by Jordon Lee

Capgemini

Capgemini Bond

Misc on

by Dezi Carmden

Unemployed

Saw this post on reddit,couldn't see any legit advice .what do you guys think should be done?

Misc on

by Karilyn Taye

Student

Yamaha Placement Drive

Business Roles on

by Anise Dean

Ameriprise Financial

Employment bonds

Misc on

by Jordon Hyrum

Google

Employment bond

Software Engineers on

by Isaiah Carmden

Accenture

Broke Employment Bond: Legal Notice from Previous Employer

IT Company Discussion on

by Jordon Carmden

Accenture

Broke Employment Bond: Legal Notice from Previous Employer

Misc on

by Jordon Carmden

Stealth

How to navigate evil employee contracts?

Software Engineers on

by Jordon Carmden

Accolite

Creative ways to not serve the bond with service based companies