| |
| Guarantee
|
| |
| 1. Issuance Fee |
|
| Bid Bond |
0.375 % per quarter minimum Rs 1000 |
| Performance bond |
0.375 % per quarter minimum Rs 1000 |
| Advance Payments |
0.375 % per quarter minimum Rs 1000 |
| |
| 2. Guarantees issued by us
against guarantee |
|
| Issued by other
banks ( Counter Guarantee) |
| Foreign Currency |
1.5 % per annum minimum USD 50 |
| Local Currency |
1.5 % per annum minimum Rs 1500 |
| Shipping Guarantee |
Rs 2000 |
| |
| 3. Amendments |
|
| In value and/ or time |
as per No. 1. above |
| Others |
Rs 500 |
| |
| 4. Guarantee Cancellation |
Rs 500 |
| |
| 5. Claim handling charge |
Out of Pocket expenses plus Rs 500 |
