A friend of mine has
told me that if any body
is selected for any post
in any bank including
State Bank of Pakistan,
he or she is required to sign a surety bond of Rs.
300,000/- for a period
of 3 years. It means
once you are selected,
you can't quit the job
for at least 3 years without paying the
surety bond and this
may certainly cost you a
better opportunity
elsewhere if you are not
well-off enough to pay the surety. Can any one
confirm the credibility
of this statement? And
also I need clarification
as to whether it's a
contract basis job or a permanent one? A prompt reply by seniors and professionals will highly be appreciated for I'm confused whether to apply or not.