Check with seller Bank Guarantee East Delhi
- Location: East Delhi, East Delhi, Delhi
Bank guarantee: A Bank guarantee is a type of guarantee under section 126 Indian if faced a situation where a client asks to supply a financial guarantee?
What is the eligibility criteria for Bank Guarantee?
Applicant applying for BG facility must have existing 3 years of business continuity with latest year with profitability & should have good credit history.
How Bank Guarantee works in India?
Not only for business even individuals can avail this type of facility for lowering risk if opposite party fails to make payment then banks will pay you to cover up the sum amount.
How Bank Guarantee is different from Letter of Credit?
Bank Guarantee are usually used for infrastructure & contract projects wherein Letter of Credit preferred for international trading.
How to get Bank Guarantee from SBI?
You can easily get this type of facility offered by SBI State Bank of India at competitive Interest Rates with minimal documentation.
What are the document required for Bank Guarantee?
Copy of BG obtained by the beneficiary, reason to avail Bank Guarantee & other details of Collateral/Assets that will be pledged.
How to calculate Bank Guarantee limit?
It's simple to calculate BG limit, just by dividing the annual utilization of raw material procuring upon Bank Guarantee to be divided by 12 & finally multiplied by total time. Hence, you can able to calculate the limit.
What is Bank Guarantee?
This facility is generally offered by banks & financial institution, Bank Guarantee acts as a promise to cover sum amount & gives the surety of amount to be paid in case debtor fails to pay.
What are the types of Bank Guarantee?
There are 6 major types of Guarantee as given below:-
Foreign Bank guarantee
Advance payment guarantee
Earnest money deposit guarantee
Deferred payment guarantee
Performance guarantee
Financial guarantee
Contact Us
Address:- Plot 6A IInd Floor, Near Max Hospital, Opp Metro Pillar 178B, Patparganj, Delhi: - 110092
Gmail:- contact@financeseva.in
Phone:- +91 9863020202
Useful information
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- This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"
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