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#1
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Surety Bond required in SBP
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. |
#2
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Quote:
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"Tumhary nafs ki qeemat Janat hay isy Janat say kam qeemat pey na bechna." "Jiyo to istarh ky log tum sy milny ko tarsy; maro to istrah k log tumharee mot par royain" |
#3
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What if one leave organization without paying surety bond????
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Don't Stop when you are tired, Stop when you are done. |
#4
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surety bond is given in the form of stamp paper and if someone breaks it without paying the applicable amount then he/she will not receive experience letter from the bank as well as he/she will never be able to get job in any bank throughout the career
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#5
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Ohhhh...... Experience letter part is fine.... but ban on working in this sector is dreadful.......
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Don't Stop when you are tired, Stop when you are done. |
#6
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It may be a case, but generally banks don't consider it. I personally know some persons who have switched from 1 bank to another before their due date.
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Guide us on the straight path; the path of those whom You have blessed. |
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Faiza Rajput (Tuesday, February 21, 2017) |
#7
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I know a person who switched in the first six months of his job to another bank. The first bank had him sign a two years bond.
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Hasti-e-Haq k ma'eni jo mera dil samjha Apni hasti ko ek andaisha-e-batil samjha |
The Following User Says Thank You to Malik Ubaidullah For This Useful Post: | ||
Faiza Rajput (Friday, February 24, 2017) |
#8
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first six months are probation period, you can leave during this time, when your job is confirmed and you receive confirmation letter, bond time starts from that day
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Faiza Rajput (Friday, February 24, 2017) |
#9
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Surety Bond in SBP
In state bank you can leave any time by paying the amount of bond which is 200,000 on pro rata basis for a period of 2 years.
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#10
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Confirmation letter is nothing but a formality, in most cases. It, however, depends on the policies of the bank, as far as I know. Bond period starts from the day you join the bank, unless otherwise specified.
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Hasti-e-Haq k ma'eni jo mera dil samjha Apni hasti ko ek andaisha-e-batil samjha |
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