Refund of security deposit

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RATHEESH (Querist)
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24 October 2018 A person gave an amount of Rs.25,000/- as security deposit while joining a company. The condition is that it will not be refunded unless he complete 2 years i the company. But same is "not mentioned" anywhere in the offer letter provided by the company.
He wanted to leave the company because he got a better offer. The company is not ready to return the security deposit since he has not served for a period of 2 years

Is there any provision in any law for getting the refund of security deposit.

Rajnish Singh

Rajnish Singh (Expert)
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08 November 2018 if this terms are not agreed on paper only verbal agreement is being made than it is null and void and you are able to get your security. file a complaint with labour court.