Highlights

• Issued to secure extended credit facilities
• Professional guidance by the bank
• Ensures active transactions

A credit guarantee is a form of insurance that helps to protect the interests of a seller from the chance of non-payment by a buyer. This type of coverage is often utilized when goods are imported, affording the exporter a degree of protection that would be difficult to achieve otherwise.

Accepted collateral

• Deposits
• Any other collateral accepted by Bank

Cancellation of Guarantees

• Submission of Original Guarantee Bond is must for the cancellations.
• Non Submission of Original Guarantee Bond will be charged a penalty fee.

Terms & Conditions apply

Details and terms & conditions mentioned in this page may change from time to time. Please contact the nearest branch for prevailing details and terms & conditions