Guarantees
A Banker's Guarantee is an irrevocable undertaking by the Bank to pay a sum of money in the event of a demand from the beneficiary, usually arising when the applicant is unable to perform his part of the obligations of the contract or where the beneficiary suffers loss or damage. Payment is usually stated to be payable on first demand, provided that the conditions contained in the guarantee are fulfilled. The most common forms of Banker's Guarantees include Tender Bonds, Performance Bonds, Retention Money Guarantees, Payment/Advance Payment Guarantees and Security Deposit Guarantees.

We can issue Bank Guarantees in foreign currency on your behalf to fulfill your obligations under any export contract, subject to availability of credit limits or against 100% cash margin.