Is it legal to demand a signed cheque as bond?
I’m a Biochemistry Technician working at ###. After 1.5 years, my company offered a salary increment. However, they are asking for a signed cheque equivalent to two months' salary. They have made a bond stating that we cannot quit our job for one year, and even after giving proper notice (1-2 months), we must pay a fine equivalent to two months' salary. Is this bond valid?
The bond requiring a signed cheque equivalent to two months' salary may be enforceable if it is part of your employment contract and clearly stated. However, this condition can be challenged if it is considered an unfair labor practice. Consult a labor lawyer to verify if such a bond is legally binding. For further legal assistance contact us on our helpline number.
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