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U should have put down ur papers the same day, retention process takes time and it's ur manager responsibility to handle and retain u from notice period. You can resign now and tell ur manager that I want to be safe if retention doesn't work out the way I want in terms of package along with T&C
Resign asap. Don't trust these guys. In corporate world they only care about organisation's profit. As simple as that drop the paper and keep the conversation going on. Be on the safer side always.