yes, dont worry about the bond..
"The contract is valid so far as it is in confirmity with the laws of land. But the million dollar question is with regard to its enforcement. In case if the employee violates the contract,(eg. leaves the employer before the stipulated term) the remedy available for employer is to file a suit before the jurisdictional court and seek for a decree in that regard. What after the decree? Again a fresh case is to be filed seeking for execution etc. At least four to five years of strain plus costs of the proceedings are to be borne by the employer if at all he choses to sue his employee(former). Is it advisable for him to hire the same employee after all that sh*t? I tell you man, all this is not easy and a prudent employer will always invest same money and effort to hire another employee. Therefore, in most of the cases, though there is a contract, it is seldom enforced." source: http://www.legalserviceindia.com/forum/display_topic_threads.asp?ForumID=9&TopicID=1741&get=last
get out of the company asap, as widout exp certificate, this exp will be void in paper. carry ur real exp to a good company and stay for a longer period. but this time, see to it that the company pays you the salary that satisfies you and that you get to work on good projects. there are plenty of opportunities this year. Good Luck!