Service Bond Transfer between two PSU: Service Bond can be transferred from One PSU to another PSU or you can say one Organization to another Organization that may be PSU(Public Sector Undertakings), Central Govt., State Govt Job, just employee need to take care of some basic things like applying through proper channel, NOC, Intimation for exam to previous employees, Here are some doubts and Answer for that:
1. Is Service Bond Money transfer applicable between two PSUs?
Ans: Yes, as per Govt. rules Services bond is tranferrable between all PSU, Central Govt. or State Government Organization.
2. Is Service Bond Money transfer applicable in Pvt. Companies PSUs?
3. How to avail Bond Transfer policy of Govt.
Ans: All You need to do is apply through proper channel, through your current employer and ask them to forward application to concern PSU/Department.
4. If selection process is based on Interview?
Ans: Intimate the employer with Recruitment Notification and ask for NOC also submit form that if transferred will leave the organization.
5. Pay Protection while switching two PSUs
Ans: Your pay will be protected as per rules if you apply through proper channel. Pay Protection means, suppose you are getting Basic 24000 at current employer and switch to new employer with Basic of 15400, they you will be paid 24000 basic as pay protection in new organization.