Originally Posted by mani1
If you have good PR
with your line manager at the bank, he may recommend you for waiver of bond. In my case I had a 3 year bond and I resigned after 2 years (to start my own business) but since my performance during 2 years was good and I had good relations with Regional Head and Country Head, my bond was immediately waived without even a request letter from my side.
thanks dear but case is little different here, BM is not authorized to except resignation, President can approve the resignation of a MTO, as I am MTO. However they show lenient attitude when person is not joining other bank. However as bond is on Pro rata basis, a small amount will be left only.