Strengthening Business Trust and Credibility.
Facilitate smoother contracts and meet statutory obligations with our globally accepted guarantees, ensuring your business partners have the security they need.
A Bank Guarantee is a non-fund-based credit facility where Bharat Bank acts as a surety. We provide a commitment to the beneficiary to pay a specified sum if our customer (the applicant) fails to fulfill a contractual or financial obligation. Whether you are bidding for a major infrastructure project, importing specialized machinery, Bharat Bank BG acts as a powerful tool to enhance your professional standing and liquidity.
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1. Performance GuaranteeĀ
Issued to ensure that a contractor or supplier fulfils their obligations as per the agreed contract. If the work is not completed to satisfaction, the bank compensates the beneficiary.
2. Financial Guarantee
A direct credit substitute where the bank guarantees the repayment of a financial obligation, such as a loan, lease payment, or security deposit in lieu of cash.
3. Bid Bond / Tender Guarantee
Crucial for participating in government and private tenders. It ensures that if the bidder wins the contract, they will sign the agreement and provide the required performance security.
4. Advance Payment Guarantee
Protects the buyer when they make an advance payment to a supplier. It ensures that the advance is returned if the supplier fails to deliver the goods or services.
5. Deferred Payment Guarantee
Commonly used for purchasing capital goods or machinery on credit. The bank guarantees the payment of installments over a specified period.
- Flexible Tenures: Issued for periods ranging from 3 months to 10 Competitive Pricing: Tiered commission structure based on the nature of the guarantee and the security provided.
- Quick Issuance: Streamlined processing for customers with sanctioned non-fund-based limits.
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PARTLY secured by Term Deposits |
@2% p.a. (to be collected onĀ quarterly basis with minimum ofĀ 1 quarter or part thereof) subject to a minimum of Rs.500 per BG. |
|---|---|
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FULLY secured by Term Deposits |
0.75% p.a. (to be collected on quarterly basis with minimum of 1 quarter or part thereof) subject to minimum ofĀ Rs.500 per BG. |
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PARTLY secured by Term Deposits |
@2.60%Ā p.a. (to be collected on quarterly basis with minimum of 1 quarter or part thereof) subject to minimum ofĀ Rs.1,000 per BG. |
|---|---|
|
FULLY secured by Term Deposits |
@1.50% p.a. to be collected on quarterly basis with minimum of 1 quarter or part thereof) subject to minimum of Ā Rs.1,000 per BG. |
|
Commission |
0.30% per quarter subject to minimum Rs.1000/- + Foreign correspondent Bank charges |
|---|---|
|
Swift Charges |
Rs.2500 |
|
Amendment charges |
Rs.750 |
1. Performance GuaranteeĀ
Issued to ensure that a contractor or supplier fulfils their obligations as per the agreed contract. If the work is not completed to satisfaction, the bank compensates the beneficiary.
2. Financial Guarantee
A direct credit substitute where the bank guarantees the repayment of a financial obligation, such as a loan, lease payment, or security deposit in lieu of cash.
3. Bid Bond / Tender Guarantee
Crucial for participating in government and private tenders. It ensures that if the bidder wins the contract, they will sign the agreement and provide the required performance security.
4. Advance Payment Guarantee
Protects the buyer when they make an advance payment to a supplier. It ensures that the advance is returned if the supplier fails to deliver the goods or services.
5. Deferred Payment Guarantee
Commonly used for purchasing capital goods or machinery on credit. The bank guarantees the payment of installments over a specified period.
- Flexible Tenures: Issued for periods ranging from 3 months to 10 Competitive Pricing: Tiered commission structure based on the nature of the guarantee and the security provided.
- Quick Issuance: Streamlined processing for customers with sanctioned non-fund-based limits.
|
PARTLY secured by Term Deposits |
@2% p.a. (to be collected onĀ quarterly basis with minimum ofĀ 1 quarter or part thereof) subject to a minimum of Rs.500 per BG. |
|---|---|
|
FULLY secured by Term Deposits |
0.75% p.a. (to be collected on quarterly basis with minimum of 1 quarter or part thereof) subject to minimum ofĀ Rs.500 per BG. |
|
PARTLY secured by Term Deposits |
@2.60%Ā p.a. (to be collected on quarterly basis with minimum of 1 quarter or part thereof) subject to minimum ofĀ Rs.1,000 per BG. |
|---|---|
|
FULLY secured by Term Deposits |
@1.50% p.a. to be collected on quarterly basis with minimum of 1 quarter or part thereof) subject to minimum of Ā Rs.1,000 per BG. |
|
Commission |
0.30% per quarter subject to minimum Rs.1000/- + Foreign correspondent Bank charges |
|---|---|
|
Swift Charges |
Rs.2500 |
|
Amendment charges |
Rs.750 |