TCS BOND Culture
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.
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I understand the frustration, but sometimes it's about picking your battles wisely. Going toe-to-toe with a big company in a legal fight can be draining, both financially and emotionally. If they're sticking to what was agreed upon in the contract, it might be best to bite the bullet and pay up. Take it as a lesson learned: be cautious about signing contracts you might not be able to fulfill down the line. Maybe setting aside a bit each month (5k) to chip away at the debt could be a manageable way to handle it within a year.
File a case in labour court. Org can demand bond amount only if they spend amount in the training. Which to my knowledge should be nothjng
Don't pay. These bullshits don't hold in court.
If I don't pay them they at least won't give a service certificate which might be required in bgv in the next companies
You don’t have to pay. It’s not legal in any case.
This will never hold up in court.