Bank Guarantee

Empowering your commitments. Backing your growth

A Bank Guarantee is a promise made by a bank on behalf of its customer (applicant) to a third party (beneficiary), assuring that the bank will fulfil the financial or performance obligation in case the customer fails to do so.

 

Ujjivan Small Finance Bank offers Bank Guarantees to support your business needs, enhance your credibility, and ensure smooth execution of contracts, tenders, and projects.

 

Whether you're a trader, contractor, service provider, or manufacturer, our Bank Guarantee services are tailored to help you meet your commitments with confidence.

Type of Bank Guarantees Offered:

  • Financial Guarantee

Benefits with Ujjivan Small Finance Bank:

  • Quick processing with simple documentation
  • Competitive pricing
  • Customizable validity and value

Charges:

ParticularCharges for Bank Guarantee
Commission1.5% Per Annum (Minimum INR 2,000 per BG)
BG Issuance    INR 1,000 per transaction
BG Amendment    INR 1,000 per transaction
BG Cancelation    INR 1,000 for live BG (before expiry)
BG Invoked handling charges (partially or impartial)    INR 5,000 per transaction

 

Note : The above mentioned charges are exclusive of GST and commission to be recovered for the entire period of the BG (including the claim period) upfront.

 

Reach out to your nearest Ujjivan Small Finance Bank branch or relationship manager to know more and apply for a Bank Guarantee today.