2023 2024 Student Forum > Management Forum > Main Forum

 
  #1  
13th May 2015, 03:11 PM
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Canara Bank Bond for PO

What is bond period of the Canara Bank Probationary Officers (PO) post? And also tell me about the bond amount also? Actually I am selected for the Canara Bank Probationary Officers (PO) post and I am preparing for the some other exam also so if I selected in that exam then I have to drop the Canara Bank job?
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  #2  
17th December 2015, 09:57 AM
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Re: Canara Bank Bond for PO

Hi I would like to know the amount of PO bond the aspirant has to sign with Canara Bank to be recruited by them?
  #3  
17th December 2015, 09:58 AM
Super Moderator
 
Join Date: Apr 2013
Re: Canara Bank Bond for PO

What is Bond? A on paper and signed undertake to pay a certain sum of money if you do not fulfil the terms and clause of the company.

Service Bond / agreement and its duration:


The selected aspirant will be necessary to execute a service bond undertaking to serve the Bank in order to complete the selection process. Service agreement contains a lot of conditions but the main condition is that on has to serve the Bank for a minimum period of years including the Probationary Period otherwise candidate has to pay the specified amount to be relieved from the Bank.

Duration of service agreement: In public sector banks, time of service agreement varies for different banks; it can be of 1 year, 2 years or 3 years.

Bond Amount - In public segment banks, bond amount varies for every banks, it can be of Rs 25,000 or Rs 50,000 or Rs 1 lakh or Rs 2 lakhs or Rs 3 lakhs.

Canara Bank’s Service Agreement is for 2 yrs period & Bond Amount is Rs 25,000.


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