Bank provides Financial guarantees for various purposes like Tenders, Bid Bond, Security deposit etc. on behalf of our Customers favoring beneficiaries’ e.g. Government, Quasi Govt. bodies, Corporations etc.
Features
♦ Cash margin 100% – is subject to change from time to time.
♦ Settlement: Original BG to be returned to us after due date with cancellation from the beneficiaries
Eligibility
♦ Proprietorship Firm, Partnership Firm, Pvt. Ltd. & Public Ltd. Co.
Required Documents
♦ Prime Security: Counter guarantee & charge on assets.
♦ Collateral Security: If required, on case to case basis