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11th April 2016, 10:57 AM
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Join Date: May 2012
Re: Andhra Bank PO Bond

Hey buddy the Andhra Bank is a medium-sized public sector bank, with a network of 2735 branches, 4 extension counters, 38 satellite offices and 2248 automated teller machines as on 30 Nov 2015 and planning to open 100+ branches by 31 March 2016


Well yes there is the bond system in the Andhra Bank fro the PO post as a new joiner


A Probationary Officer (PO) in the bank is the starting level appointment for bank officers.

The POs have a one or two years probation period during which they are given exposure to various important functions of the bank such as Loans & Advances, Foreign exchange, Credit Rating, Treasury, Risk Management, IT, Marketing etc.

Bond contains many conditions but the main condition is that you have to serve the Bank for a minimum period of years including the Probationary Period otherwise candidate has to pay the specified amount and relieve the Bank.


Duration of Bond:

For Po: Duration of the bond varies for each bank it can be of 1, 2 or 3 years.

For Clerk: As of now, there are no financial bond restrictions for clerical posts.


Duration of Probation and Bond Period for PO in Public Sector Banks

Info is in the below format

Bank
Probation Period
Bond Duration
Bond Amount


List of Banks which have Probation of 2 years and Bond Duration of 3 Years

Allahabad Bank
2yrs
3 yrs
Rs. 1,00,000
Andhra Bank
2 yrs
3 yrs
Rs. 2,00,000

Bank of India
2 yrs

Indian Overseas Bank
2 yrs
3 yrs
Rs. 1,00,000

Punjab & Sind Bank
2 yrs
3 yrs
Rs. 50,000

Dena Bank
2 yrs
3 yrs
Rs 1,50,000

Union Bank of India
2 yrs
3 yrs
Rs. 2,00,000
United Bank of India
2 yrs
3 yrs
Rs. 1,00,000

Vijay Bank
2 yrs
3 yrs
Rs. 2,00,000

Punjab National Bank
Na
3 yrs
Rs. 2,00,000


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