Hi Praful,

A bond is a contract that you sign with any college or university where it shows that you will serve for a particular period of time under the guidance of that college university.

Or the bond can depict thta you will have to pay a bond money of some amount if you cancel your admission or disagree to serve for the required amount of time.

The amount may differ from college to college.

I hope this information helps.

All the best.