Howto Bonding

http://www.cyberciti.biz/tips/linux-bond-or-team-multiple-network-interfaces-nic-into-single-interface.html
http://www.cyberciti.biz/howto/question/static/linux-ethernet-bonding-driver-howto.php


For Bonding 
Install ifenslave Control Utility

By default it is installed as Module - /sbin/ifenslave

now create the following file 

vi /etc/sysconfig/network-scripts/ifcfg-bond0
DEVICE=bond0
IPADDR=192.168.92.80
NETWORK=192.168.92.1
NETMASK=255.255.254.0
USERCTL=no
BOOTPROTO=none
ONBOOT=yes

vi /etc/sysconfig/network-scripts/ifcfg-eth0
DEVICE=eth0
USERCTL=no
ONBOOT=yes
MASTER=bond0
SLAVE=yes
BOOTPROTO=none

vi /etc/sysconfig/network-scripts/ifcfg-eth1
DEVICE=eth1
USERCTL=no
ONBOOT=yes
MASTER=bond0
SLAVE=yes
BOOTPROTO=none

Load bond Module driver

vi /etc/modprobe.conf
alias bond0 bonding
options bond0 mode=balance-alb miimon=100

Now Test The config:

modprobe bonding

service network restart

verify everything is working

less /proc/net/bonding/bond0  ---- output will be like below
Bonding Mode: load balancing (round-robin)
MII Status: up
MII Polling Interval (ms): 0
Up Delay (ms): 0
Down Delay (ms): 0

Slave Interface: eth0
MII Status: up
Link Failure Count: 0
Permanent HW addr: 00:0c:29:c6:be:59

Slave Interface: eth1
MII Status: up
Link Failure Count: 0
Permanent HW addr: 00:0c:29:c6:be:63


ifconfig -====

bond0     Link encap:Ethernet  HWaddr 00:0C:29:C6:BE:59
 inet addr:192.168.1.20  Bcast:192.168.1.255  Mask:255.255.255.0
 inet6 addr: fe80::200:ff:fe00:0/64 Scope:Link
 UP BROADCAST RUNNING MASTER MULTICAST  MTU:1500  Metric:1
 RX packets:2804 errors:0 dropped:0 overruns:0 frame:0
 TX packets:1879 errors:0 dropped:0 overruns:0 carrier:0
 collisions:0 txqueuelen:0
 RX bytes:250825 (244.9 KiB)  TX bytes:244683 (238.9 KiB)

eth0      Link encap:Ethernet  HWaddr 00:0C:29:C6:BE:59
 inet addr:192.168.1.20  Bcast:192.168.1.255  Mask:255.255.255.0
 inet6 addr: fe80::20c:29ff:fec6:be59/64 Scope:Link
 UP BROADCAST RUNNING SLAVE MULTICAST  MTU:1500  Metric:1
 RX packets:2809 errors:0 dropped:0 overruns:0 frame:0
 TX packets:1390 errors:0 dropped:0 overruns:0 carrier:0
 collisions:0 txqueuelen:1000
 RX bytes:251161 (245.2 KiB)  TX bytes:180289 (176.0 KiB)
 Interrupt:11 Base address:0x1400

eth1      Link encap:Ethernet  HWaddr 00:0C:29:C6:BE:59
 inet addr:192.168.1.20  Bcast:192.168.1.255  Mask:255.255.255.0
 inet6 addr: fe80::20c:29ff:fec6:be59/64 Scope:Link
 UP BROADCAST RUNNING SLAVE MULTICAST  MTU:1500  Metric:1
 RX packets:4 errors:0 dropped:0 overruns:0 frame:0
 TX packets:502 errors:0 dropped:0 overruns:0 carrier:0
 collisions:0 txqueuelen:1000
 RX bytes:258 (258.0 b)  TX bytes:66516 (64.9 KiB)
 Interrupt:10 Base address:0x1480