#1
14th September 2015, 12:47 PM
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Indian Overseas Bank PO bond
Hello sir here i have come to know about Duration of the bond for Indian overseas bank PO, do you know about it
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#2
14th September 2015, 12:49 PM
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Re: Indian Overseas Bank PO bond
PO stand for Probationary Officer that in the bank is the starting level appointment for bank officers. The Probationary Officer 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. Here you are asking for Indian overseas bank PO bond duration, then here I want to tell you it can be of 2 or 3 years. Bond is a written and signed promise to pay a certain sum of money if applicant do not fulfilled the terms and condition of the company , normally we can see that many applicant resign from the banks after joining in one or two years. So to avoid this Bank starts implementation of this formula which can prevent the applicants to resign from the post within a specific time and period. |