Service Bond is a legal agreement Between Student & College or State Government or Central Government, requiring the Student to work in a Specific location, Usually a Rural or Underserved area or Same Institute for a set period of time, after Completion of Undergraduate course.
This Agreement is required to be signed at the time of admission in a Bond paper. And if a Student fails to complete this Bond, they will be charged with a Penalty.
Mostly the The Service Bond is Applicable in Govt Medical Colleges which is mentioned below-