The essentials

• Solidly backed by the bank
• Promotes active trading

Retention Money Guarantee is a written document issued to the owner or the buyer from the Bank to guarantee that applicant will continue to fulfill contract obligation after withdrawing final payment of the contract price in advance, at the request of construction contractor or supplier.

Thus facility allows you to collect final payment in advance from the owner or the buyer in the later stage of executing construction contract or a procurement contract.

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