IP Bonding

Hi,

What is IP bonding in Linux.
What are its advantages
How to create a IP bonding in redhat Linux.

You mean
Link aggregation or trunking or link bundling or Ethernet/network/NIC bonding or NIC teaming.
But not IP Bonding as far as I know.

Link Aggregation provides several benefits: Increased bandwidth, load balancing, and allows you to create redundant Ethernet links. If a link in your Ethernet channel goes down, the switches, routers, or servers you have configured to use LA will automatically fail over to the links that are still up and remain connected.
How you can do it then have a look here