Is there any Bond Period in SBI PO?

SBI PO Prelims examination 2018 is scheduled to be held in the month of April. Now candidates have so many queries regarding service conditions in SBI. Here we are providing details on the bond period in SBI.

Created On: Jan 5, 2018 16:57 IST
Is there any Bond Period in SBI PO
Is there any Bond Period in SBI PO

SBI PO Recruitment Process

State Bank of India (SBI) advertises for the recruitment of Probationary Officer (PO) posts almost every year with a huge number of vacancies. The largest lender in the country offers an attractive package along with an unmatched exposure comparison to any other organisation in the banking sector. SBI PO is something every banking job aspirant dreams of as the bank offers a handsome salary along with benefits. Now, the most important question that arises in the minds of lakhs of aspirants in the country is, like some Banks, is there a bond in SBI PO as well? Be assured, as of the 2018 recruitment process, no bond is there in SBI PO.

What is a Bond?

A bond is an agreement that an individual has to sign before joining the organisation to serve for a particular period of time or pay a predetermined amount of money in case he or she opts for anything else. Like in Bank of Baroda PO, one has to sign a bond for 3 years and if one chooses to leave before that, he or she has to pay the bank a sum of Rs 3 lakh. There is no such obligation in SBI or for that matter, in SBI Associates as well.

Service Conditions in SBI PO

Aspirants have to be on probation for 2 years in SBI PO and after that, there is a confirmation test as well. Regarding the test, the candidates who score sufficiently higher in merit as decided by the bank will be promoted to the next higher grade i.e. Scale II in the Middle Management Grade in the bank whereas scoring only passing marks will be enough for a candidate to be confirmed in the job of an officer in SBI. There is also a provision that failure in the test will result in disqualification from service of the bank with immediate effect.

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Resignation Process from SBI PO

In the case of leaving the job, SBI POs have to serve a notice period for 3 months.  In case, leaving the job without serving the notice period will impose a penalty by bank; amounting to the salary of the duration of the notice period left to be served by an officer in the bank.

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