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Hi Shyra,
The bond amount is of Rs. 25,00,000/- (Rupees Twenty five lacs) for MD/MS postgraduate course. This is to serve the scheme after completion of postgraduationat least for a period of 3(Three) years(after MD/MS) will be executed by each student at the time of admission.
The cost of the entire bond will be recovered if one ceases to be in corporation service before completion of Bond period.So, yes bond status is of 3 years.
Rishu Gupta4 May'20