hi apurva,

if you get a seat in any government medical or dental college then during admission you have to sign a bond saying that if you quit the seat after admission then you will have to submit a particular amount of money(usually in lakhs) , amount depending on the state and college you are in, as penalty fee. that applies to all medical colleges, be it esic or state.

Dear Apurva, candidates seeking admission to any ESIC Medical Institution need to execute a bond of 10 lakhs to serve any ESIC/ ESI Scheme for a period of 3 years. The students should submit a Bank guarantee in lieu of the bond of an amount equal to the bond amount at the beginning of the internship period. In case any candidate backs off on bond conditions, ESIC has the right to forfeit the amount kf bank guarantee.