Bank guarantees are written obligations of the issuing bank (NCBL) to pay a sum on to a beneficiary on behalf of its members in the event that the members themselves do not pay the beneficiary. Through such guarantee letters, NCBL undertakes responsibilities to provide fund (gurantee amount), following a default by you of your contractual or other obligations.
We issue every type of guarantees as per your requirements. 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