I signed a contract with my company before starting work, where I deposited Rs. 50,000 as a security deposit. It’s supposed to be returned after a year. However, I need to leave my job for personal reasons after just 3 months. Is there any way I can get my money back?

Apni Law
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Law Forum › Category: Labour & Service › I signed a contract with my company before starting work, where I deposited Rs. 50,000 as a security deposit. It’s supposed to be returned after a year. However, I need to leave my job for personal reasons after just 3 months. Is there any way I can get my money back?
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Apni Law Staff asked 2 years ago

I signed a contract with my company before starting work, where I deposited Rs. 50,000 as a security deposit. It’s supposed to be returned after a year. However, I need to leave my job for personal reasons after just 3 months. Is there any way I can get my money back?

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Best Answer

Apni Law Staff answered 2 years ago

Under Indian law, you have a right to claim your security deposit back even if you leave before the stipulated year. You must, however, fulfill all your contractual obligations and inform the company of your resignation in writing.

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