BANK GUARANTEE

BANK GUARANTEE

FEATURES

1. Bank guarantee wil be issued against 100% security of Bank’s FDRs.
2. In cash credit and overdraft limit against collateral cover, guarantee will  be issued as sub-limit up to 50% of total limits sanctioned in cash credit accounts and up to 25% of limits sanctioned in overdraft accounts against cash margin of 25% to 10% at a commission of 1.5% per annum .
3. This policy shall be reviewed after a period of two years. Any amendment / addition in the policy will be done with Board’s prior approval .