Bank Guarantee
Backing you up in all your plans
Overview
Backing you up in all your Plans
At SVC Bank, we agree to stand by you as a guarantor, to ensure the liabilities of your debtor are met, in the event that you are unable to fulfil your contractual obligations. We honour payment/s to your beneficiaries, upon receipt of a claim and also provide Bank Guarantee in foreign currency for approved purposes, as defined under FEMA.
| Applicant | Proprietorships, Partnerships, Pvt. Ltd. or Ltd. Companies |
| Type | Financial & Performance Guarantee, Bid Bonds, Earnest Money Deposit Guarantee, etc. |
| Purpose | Business needs |
| Security | Counter guarantee & charge on assets |
| Margin | 10% to 25% |
| Settlement | Original BG to be returned after due date |
| Commission | As applicable from time to time |
*Conditions Apply
