Legal Question in Employment Law in India

Bonded Labour Agreement

Dear Sir,

I was working for a Pvt.Bank for sometime. I executed an agreement saying that, I will serve the bank for 5 years failing which I have to pay a Rs.50,000/-. My original certificates were with them. To get my original certificates, I had been asked to deposit an fixed account of Rs.50000/- which was then liened against my agreement.Later I got my originals and I submitted my resignation. The bank did not accept my paper, But I did want to continue with bank therafter. After several months, the bank dismissed me from the servise. Now that the agreement is expired and the fixed deposit is nearing it's maturity . I want to get the deposited amount back. Please kindly advise me in this regard. Thanks.


Asked on 2/27/03, 10:49 pm

2 Answers from Attorneys
Kaushik Chowdhury Kaushik Chowdhury Associates

Re: Bonded Labour Agreement

The Agreement itself appears from the facts you have posted to be void and unenforceable. When your FD matures you can take the normal steps for collection of the same. However, if the bank refuses they will have to give you reasons for refusal which will then give you a cause of action in the appropriate forum.

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Answered on 2/28/03, 12:26 am
Umesh Bhagwat Bhagwat&Co.

Re: Bonded Labour Agreement

Please send them a legal notice demanding the deposit amount.If they fail to respond you can file a complaaint in the Consumer Redressal forum.

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Answered on 2/28/03, 6:06 am


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