Bank Guarantee

Bank Guarantee


 

Bank guarantee (BG) is used to strengthen and/or secure an obligation under a commercial contract. Customers can apply to the Bank to issue BG in favour of a Beneficiary. After examining and approving the application, the bank executes an agreement with the customer with the required terms and conditions. The bank will then issue the guarantee. 
 




Did You Know ?
Did You Know

EEFC Account

No restriction on withdrawal in rupees of funds held in an EEFC account.