SATYAM FRESHERS COMMON QUERIES:- part 2

Please Read HELP PART 1

Continue With HELP PART 3

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6. Regarding Medical test :

However you can give the Medical test at HYD too, but if u get it done at else where (Satyam has mentioned 8 centers through out India in your OL) you just have to get it at least 2 days before joining. Its very simple procedure and as much as I know either free or with a very nominal charges. If by chance you failed to this test they call you some time later and again take your test...On the basis of failure Satyam don’t throw out any one, your joining may be postponed until you get it clear.

7. Regarding Bank Guarantee (BG):

Here again Satyam is no tension company... ..bond is just to ensure tat u will stay @ Satyam atleast 2 yrs and nothing hidden there behind it...however if u leave Satyam midway...it may become a complex procedure....else not to worry at all...and I am sure this post going to relieve all a lot...its most wanted information... ...However reading Bank format can help you a lot...although I am writing few main points here...

So there are 2 methods for BG: Either deposit 2 lakhs cash as FD or you can take loan...

1. Payment of full Deposit money of Rs. 2,00,000/-.
If you deposit / or bring DD for Rs. 2,00,000/- along with Rs. 2,500/- BG Commission.
BG will be issued by SBI at Hyderabad.
At the end of 2years you will get back approximately Rs. 2,36,000/-
No need to do any formalities at your place. Only fill up Form NO. III and being DD / or FD Receipt. One day before to place of reporting (Place of reporting only). i.e., if you place of reporting is Chennai you bring that to Chennai Satyam Office and if it is Hyderabad, then to any one of the addresses given in the Format.

Regarding Bank Guarantee...contd...
2. If you can not bring Rs.2.00 lakhs, you can take a loan of Rs. 2,00,000/-
For This You need to identify one Guarantor who is good for Rs. 2,00,000/-
Or Two guarantors each one is good for Rs. 1,00,000/-
The Guarantor can be any body , Uncle / Parents / or Friend .

Guarantor should have
i) Form 16 OR IT Return OR Sufficient proof of Income.
ii) Photo Identity
iii) Address Proof

The Guarantor need not come to the place of reporting. If the Guarantor can not come to place of reporting
a) He should be taken to the nearest SBI in your town.
b) That SBI Branch will attest the signature of the Applicant and Guarantor on Form No. I.
If you face any difficulty at the branch, please contact
99490 98401/ 9949322692/ 9848604639
9989502346/ 9989502347/ 9989502348
they will talk to that SBI Branch.
c) That Branch will give back the Forms by putting in a cover.
The candidate should bring that cover to the place of reporting one day before along with Rs. 2500/- DD favoring S.B.I.
BG will be issued at the place by of reporting.
Loan / FD/ BG will be given at the place of reporting only.

d) The loan can be repaid as under:
You can chose to pay Rs. 5,460/- P.M.
In such case you will get back Rs. 1,20,000/- at the end of 2 years.
You can choose to pay RS. 2,500/- P.M. for 24 months at the end of 2 years you will get back Rs. 36,000/-
You can also opt for payment of RS. 1250/- but at the end of 2 years you will not get any thing.
Hence, we suggest you to opt for Rs. 2,500/-




Now...Not many people know this but bank guarantee from any nationalized bank is allowed. You can call the helpdesk and confirm it. For e.g. If you go to bank of India and they can issue you the bank guarantee for just a deposit of 50,000, that is 25% of the guarantee value. BUT not all banks may agree to do this, if u have goodwill with some bank or your father works there or you know the manager then the bank may give it for 25%. Mostly banks take full deposit but it’s up to your contacts. 25% is the minimum that a manager can do with his powers but you need some goodwill or such thing. ANY NATIONALIZED BANK IS ALLOWED. Format of bank guarantee is IBA format (INDIAN BANKER's ASSOCIATION format) if you go to any other bank than SBI just tell them this thing...