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FORMAT

(ON STAMP PAPER AS PER STAMP DUTY APPLICABLE IN YOUR


STATE WHERE YOU ARE JOINING)
SERVICE BOND
THE MANAGING DIRECTOR & CEO,
BANK OF BARODA,
BARODA CORPORATE CENTRE,
C-26, G-BLOCK,
BANDRA KURLA COMPLEX,
MUMBAI-400 051
Dear Sir,
Re:

Appointment as Probationary Officer in Banks service in


JMG/S I.

WHEREAS
I . S/o/D/o/W/o presently residing
at

have been offered an appointment as Officer in the scale of JMGSI by Bank of Baroda (herein-after referred to as Bank) and in the course of
my engagement as such the Bank would enable me to acquire certain
special skills and experience in the Banking sector. As a term of my
appointment, I am required to execute this service Bond assuring the
continuance of my service and faithful performance of the duties for a
minimum period of three years starting from the date of my entry into the
services of the Bank to which I agree and also hereby assure and undertake
as under:
1. I shall continue in the service of the Bank and render my services
at any of its Branches/offices at any place as may be decided by
the Bank at its absolute discretion.
2. I shall be in the service of the Bank for at least a period of three
years from the date of joining. I shall continue in service as
aforesaid during the pleasure of the Bank and my services are
liable
to
be
terminated
in
terms
of
extant
guidelines/rules/regulations of Bank of Baroda as well as specific
terms stipulated in my appointment letter.
3. I shall not, without the express prior approval in writing of the
competent authority, apply for any job or take up any other office
of profit; nor shall I resign or abandon the service of the Bank
during the said period of three years.
4. My employment as stated above shall be subject to such rules,
regulations, terms etc, as the Bank may in its absolute discretion
stipulate for its regular employees from time to time.
5. In the event of non-fulfillment/breach of any of my obligations to
the Bank as stated in clause (2) above other than on account of the
termination of my service by the Bank in terms of extant
regulations or if I fail to serve the Bank for the minimum period of

three years as already stated above or for any reason whatsoever,


I shall pay to the Bank an amount of ` 3 lacs in lieu thereof.

2/:: 2 ::
If a situation as stated in clause (5) above arises, I shall be personally
liable to pay the amount due as per the terms stated therein to the
Bank notwithstanding and without prejudice to the right of the Bank
to recover the amount from any sum that may be due to me by way
of monthly/annual compensation, terminal benefits or other- wise and
also without prejudice to Banks right to take any action as may be
deemed appropriate by it.
I do hereby irrevocably submit and agree that all disputes, if any,
arising out of this Bond shall be subject to the non-exclusive
jurisdiction of the Courts at Mumbai which shall be without prejudice
to the right of the Bank in its option to initiate appropriate
proceedings arising out of these presents, before any other Court/s in
India.
In witness whereof I have subscribed my
signature on this the day of .. 20
.

Witness
Signed and delivered by
Shri .
In the presence of Shri
..
official)-at (place).
on (date)

------(Signature of executant)----

------(Signature of Bank

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