Bank Guarantee

Bank Guarantee - Kerala Grameena Bank issues Bank Guarantees on behalf of our customers.

Purpose

Guarantee will be issued for business as well as personal needs
Guarantees will not be issued for a period of more than 10 years.

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Margin

Margin will be collected on guarantees keeping in view the overall risks involved in extending the guarantee limits.
Margin depends on the amount of the guarantee / quantum of guarantee limits
It also depends on the risk involved
Margin should be either in cash or by taking term deposit of our Bank or other securities acceptable to the Bank

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Security

100% margin in cash / term deposits of the bank
In the case of parties who are existing customers with satisfactory past dealings , sanctioning authority may take a decision on a case to case basis, keeping in view the risk involved, dealings of the party, the previous instances of invocation and availability of other collateral

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Financial Guarantees

All guarantees issued guaranteeing repayment of a loan or a debt and considered as financial Guarantees.

Performance Guarantees

These are guarantees issued in respect of performance of contract or obligation. Although these guarantees are for performance, in such cases, in the event of non-performance of the obligations as per the terms of the contract, the Bank

Deferred payment Guarantees

Issuance of deferred guarantees favouring suppliers / manufacturers shall arise where goods / machineries are supplied on credit and the payment is to be made by deferred instalment

Advance payment Guarantees

Such type of guarantees are issued where the parties (principal borrowers) seek ‘advance payment’ from their principal to meet part of the expenses for execution of contracts or to meet a part of the working capital requirements

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Please visit service charge & Fees page for details

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Service Charges

Bank Guarantee

Bank Guarantee

Purpose

Purpose

Margin

Margin

Security

Security

Types Of Guarantees

Commission