Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a Bank Guarantee, and its procedure?

answer Bank Business credit Finance guarantee India procedure
0
Posted

What is a Bank Guarantee, and its procedure?

0 CommentsAdd a Comment

1 Answer

0

Banks will issue Bank Guarantee. This is the assurance given in case of default the party can en-cash this money from your Bank. You have to keep this money in your Bank as fixed deposit and Bank Guarantee carries certain charges.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123