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Bank Guarantees

Bank Guarantees

Sl.No Parameter Particulars
1 Type of credit facility offered Bank Guarantee (BG)
2 Nature of Bank Guarantee credit facilities offered Domestic Bank Guarantee
3 Types of Bank Guarantee credit facilities offered
  • Performance Guarantee
  • Financial Guarantee
  • Advance Payment Guarantee
  • Continuing Guarantee
  • Guarantee for specific transactions
  • Deferred Payment Guarantee
4 Cash Margin Minimum 15.00% in lien marked term deposits
5 Collateral Security Minimum 150.00% of the BG limit quantum
6 Counter Guarantee Counter Guarantee is to be obtained from the customer on whose behalf BG is issued and also the person who has offered collateral security
7 Commission & charges As per internal guidelines issued from time to time