Electronic Bank Guarantee
Features
This product is launched in partnership with NeSL.
e-BG is the electronic form of bank guarantee which removes the need of printing the Bank Guarantee issued by the bank. It is shared electronically with the end Beneficiary. Post receiving the Bank Guarantee the beneficiary can at any point of time will be able to initiate invocation, amendment, and cancellation from the NeSL portal (from where they have downloaded the Bank Guarantee) The portal is completely managed by NeSL team and access is provided to the beneficiaries upon completing a simple one-time registration.
Also, it will be providing the below mentioned benefits:
Eligibility
Individual, Sole Proprietor, Company, Partnership Firm, Govt. Agencies, Association of People, Body of Individual.
Fees & Charges, Interest Rates
|
SL No |
Type of Transaction |
Charges |
|
1 |
Performance Guarantee |
|
|
A. Guarantee fully secured by deposits |
Rs.500/- + 0.125% per quarter or part thereof subject to a Min of 0.25% or Rs.1000/- whichever is higher |
|
|
B. Guarantee fully secured by collateral |
Rs.500/- + 0.50% per quarter or part thereof subject to a Min of 1% or Rs.1000/- whichever is higher |
|
|
C. Guarantee without collaterals/partly covered |
Rs.500/- + 0.75% per quarter or part thereof subject to a Min of 1.5% or Rs.1000/- whichever is higher |
|
|
2 |
Other than Performance Guarantee |
|
|
A. Guarantee fully secured by deposits |
Rs.500/- + 0.1875% per quarter or part thereof subject to a Min of 0.375% or Rs.1000/- whichever is higher |
|
|
B. Guarantee fully secured by collateral |
Rs.500/- + 0.625% per quarter or part thereof subject to Min of 1.25% or Rs.1000/- whichever is higher |
|
|
C. Guarantee without collaterals/partly covered |
Rs.500/- + 0.75% per quarter or part thereof subject to Min of 1.5% or Rs.1000/- whichever is higher |
|
|
3 |
SFMS Charges |
Flat Rs.1000/- |
|
4 |
Extension of validity and enhancement of value |
Proportionate to value / period at above rates |
|
5 |
Other amendments |
Rs.1000/- |
|
6 |
Invocation Claim Processing |
Rs.2000/- |
|
7 |
Duplicate Issuance |
Rs.2000/- |
|
8 |
Guarantee Advising |
Rs.2000/- |