In international trade, Bank Guarantee is used as a means of securing payment.  We as the ‘issuing bank’ will pay the guarantee amount to the ‘beneficiary’ of the guarantee upon receipt of the claim from the beneficiary.

We issue the entire range of Bank Guarantees, namely,

• Bid Bond Guarantee

• Advance payment Guarantee

• Guaranty for warranty obligation

• Payment Guarantee/Loan Guarantee

• Performance Guarantee

• Deferred payment Guarantee

• Shipping Guarantee

• Trade Credit Guarantee

• STANDBY LC

We also issue Bank Guarantee favoring beneficiaries abroad either directly or through our correspondent banks across the continents. Similarly, we issue guarantees favoring resident beneficiaries on behalf of our overseas branches / correspondents.