should I sign 'Bond' ?

[clmlbx]

^^ nope already cleared that it is just one way only to bound employees, employers are free to let you go anytime.

[shashankm]

Screw the second company, negotiate for the amount with first one, try to bring it around your monthly in hand! As far as bond amount goes, many companies even provide bond buyouts given the talent you've. So I think you can go with the first one!
Thumbrule: Never ever give your originals even to God! giving your originals ensures a foolproof chance of company making you their puppet and naturally you can't do much about it as you've legally accepted it. Even if you decide to leave them, they'll harass you by retaining the certificates, not relieving you on time et al. Not recommended at all!
Bonds are good for places where you are sure that you'll stay for long and can learn very much otherwise tell them to....!

[far]

well my friends in cts dont have bond.Well it all depends on offer letter not company.

Yes !..

and +1 on Asingh's reply !!

[Vyom]

So signing a bond is ok if they are not keeping the originals or taking some amount as security? In which case they have the right to retain the salary of last month? Or request from us to pay the penalty amount?
And do the bond of this nature even exist?

I am asking since during some recent interviews I had shown "no problem" response when asked about if I am willing to sign a bond. Does it mean, that I will have to choose from depositing some money and/or submit original documents at the time of joining?

[clmlbx]

yes I guess so.. as I asked them, bond itself is a legal document then why do you need security deposit or original certificates. their reply was bond is nothing legal we can't take any legal action against it as it has nothing written like that in it.. so we take this deposit..

[Saloni]

First of all just try to get all important information about those companies. Regarding Bond, I think you should go with 6 months bond with 20k deposit as within short period of time you will be free from Bond and could try for another company if you want. On the other hand if you will go for 2nd offer that is for 2 yrs bond you will have to wait for 2yrs to get back your original certificate. From my point of view you should never handover your original certificate to anyone for such a long time. Rest is your decision.

[RCuber]

^^ did you even read this thread?

[aniket.cain]

Well, I work for iGate-Patni Computer Systems, and we do have a bond here for the freshers. I had to pay 75k upfront, which would be paid back on completion of 2 years. However, the bond is in the form of FD, and is in my own Salary account, in my name. And I will get the interest on it too (in fact it shows the maturity date and amount too in my salary account).

Though in most of the companies (e.g. TCS) you dont have to pay upfront, but you are required to pay the bond amount if you leave within the limited bond time.

However when it comes to certificates, one should not deposit it to any company, as this is what one has really earned throughout his life so far.

[Piyush]

Bonds should be less than of 6 months and 10k at max

[Psocial]

6 to 1 yr bond is fine ! Don't hand over your original certificates .