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How does the bounty system work?

I "know What is bounty?"

I just want to know is

  • If I click on bounty for a question then with +50, then is it neccessary that after 7 days, I have to accept some answer? If answer does not satisfies me then what will happen?
  • Whether my +50 rep will be deducted??

No, you don't have to accept an answer, but you lose your 50 reps anyway. Half of the bounty is given to the answer which has got the most votes with the condition of having minimum of 2 votes. If there is no answer with 2 or more votes, then the question stays permanent.

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