What is the Probation and Bond Period in SBI PO 2020?

The State bank of India is conducting the SBI PO Exam 2020 In the month of December. All the aspirants who are appearing for the examination have a common doubt/query regarding the probation period and bond period in SBI PO 2020. In this article, we will be discussing both of these in detail. Let us first look at the important exam dates for SBI PO 2020.

Also Check,

SBI PO 2020 Important Exam Dates

What is the Probation Period?

The probation period can also be considered as the learning phase. The probationary officers usually have one or two years probation period during which they are given exposure to various important functions of the bank such as loans and advances, foreign exchange, credit rating, treasury, risk management, IT, marketing, etc.

Probation Period in SBI PO

After joining, SBI PO is subjected to a probation period of two years. During this period they get to know more about the functioning of the banks and duties that are related to their profile.

What is a Bond Period?

Let us first know what does a Bond means. A written and signed promise to pay a certain sum of money if any terms and conditions are not fulfilled is known as a bond. In most of the cases, it is seen that many candidates resigned from the banks after joining in one or two years. To avoid such an act bank starts implementation of this formula which can prevent the candidates to resign from the post within a specific time period.

Bond Period in SBI PO

The Bond period in SBI PO is three years. If a candidate resigns before completing the three years from the date of joining then he/she will be liable to pay the bond amount to the State bank of India.