Types of Bank Guarantees

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Select from a wide range of guarantees designed to support different stages of your commercial contracts. Below are commonly used types:

Performance Guarantees

Assure the buyer that you will complete the project or deliver the service as agreed. If obligations are not met, the beneficiary can claim under the guarantee for compensation of agreed damages.

Financial Guarantees

Provide assurance of payment obligations under a contract—such as rental, lease, or other financial commitments—if the applicant fails to pay as agreed.

Bid Bond Guarantees

Support your bid participation by assuring the project owner that you will honour your bid and sign the contract if awarded, or compensate as per tender terms.

Advance Payment Guarantees

Back the buyer’s advance paid to you at the start of a project, assuring repayment (to the extent of the guarantee) if contractual milestones are not met.

Deferred Payment Guarantees

Cover payments that are due at a future date for goods or services already delivered, assuring the beneficiary that scheduled instalments will be paid.

Shipping Guarantees / Delivery Orders

Facilitate release of goods by the carrier when original transport documents are unavailable, assuring the carrier against losses that may arise from such release.

Domestic and Foreign Guarantees

Issue guarantees for obligations within India or across borders, structured to comply with applicable rules and beneficiary requirements.

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Types of
Bank Guarantees