Bank Guarantee

Eligibility – Any individual / firm / contract agencies holding valid business license. The applicant should furnish the Bank with the full details of the guarantee applied for viz. name of beneficiary, nature of job undertaken and amount, purpose, expiry date of the guarantee, security offered etc. A copy of the contract entered into between the applicant and the beneficiary against whom the guarantee is sought for should also be furnished by the applicant to the Bank.

Tenure: Maximum of 12 months.

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