[yogijp]

Learn some skills (Java, SAP, Oracle apps), anything that is hot in India right now and get you a job quickly. You don't necessarily have to be a programmer, if you don't want to program, there are lots of other tracks which don't need programming.

Get an entry level job in that skill, most entry level jobs pay as much as what you currently make.

Once you have an entry level job offer, get a personal bank loan, pay off your bond. SBI, HDFC, ICICI or whoever you bank with. Just google for "personal bank loan india".

Once you have 6 months experience, you can move on to a senior level job, paying a lakh+ per month. This will save you at least Rs.60,000 per month to pay off the loan.

Of course, you don't have to pay off the bond. Just start working for another company, find a cheap lawyer (they are a dime a dozen) and make your case if they go after your surety. This will definitely take years and you can pay off the bond leisurely. This may turn out cheaper than paying interest (maybe 13%) on a personal loan.

[royunprofiled]

Thanks for the advice. I am currently looking into it. The back end development seems to be in demand right now, I am focusing my effort on Python with Django. In the meanwhile, if I do not pay the bond straight away, I will incur an interest of prime lending rate + 3%, which turns out to be about 15% the last I checked. Thank you for the advice anyway.