Is there any service bond in the SBI PO Job?

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Asked on April 6, 2019 10:28 pm
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Yes, there is a bond of 3 years which needs to be signed by a newly recruited Probationary Officer before joining the State bank of India. The Bond amount for the same is of Rupees 2 Lacs. Some students have confusion that they need to deposit this amount into the bank before joining. But it's not true, candidates need not deposit money before joining the bank.

The Bond is signed because if someone leaves the organization before serving the Bond period, he/she has to pay the Bond amount before leaving the SBI. This is applicable during the bond period that up to 3 years in case of State Bank of  India.

I am adding the lines from the advertisement which will also help you to clear the doubts regarding bond period and amount.

The selected candidates, at the time of joining, will have to execute a Bond for a value of 2.00 lac ( Two lac only) to serve the Bank for a minimum period of three years. The Bond will be invoked by the Bank if the candidate resigns from the service of the Bank before expiry of three years from the date of joining.

I hope this will help you.

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Answered on April 8, 2019 7:07 am
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