The most commonly used guarantees are as under:
Bid Bond (Tender Bond)
Performance Bond Guarantee
Advance Payment Guarantees
Counter Guarantee
Deferred Payment / Supplier Credit Guarantee
As, the cooperative sector has been playing distinct and significant role in the process of socio-economic development of the country, NCBL is committed to maintain the highest standards of excellence in financial services based on sustainable growth and development providing timely, quick and best banking services to its members from all segments with the help of modern technology and dedicated human resource
In this continually evolving marketplace, NCBL will continue to take its roles seriously as a responsible Cooperative Bank and gradually encourage its members, employees, and other stakeholders to work for its permanence
NCBLNational Cooperative Bank Limited (NCBL) was established in 2003, as the only bank in the cooperative movement of Nepal at national level, in exercise of the power conferred by the sub-section 4 of section 26 under the then prevailing Cooperative Act, 1992 (first amendment, 2000) and from the recommendation of Nepal Rastra bank (Central bank of Nepal) as an umbrella institution to provide banking and financial services to all its member cooperatives following the long and continuous demand and efforts of cooperators
In order to identify the status of the institution, the Bank has to follow the member associations/ institutions in the form of terrestrial and non-terrestrial
A compulsory saving Deposit account is a savings account in which cooperatives deposit a certain amount continuously on a regular basis for an unlimited time interval i
A cooperative organization can issue COOP Card in its own name to attract new generation of members by promoting use of latest payment technology and maintain trust by reducing risk of cash transactions
