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Bid Bond / Tender Guarantee

A guarantee issued on behalf of a customer in favour of a procuring entity to demonstrate the customer's commitment to participate in a tender. The Bank undertakes to pay the guaranteed amount subject to the terms and conditions of the guarantee if the customer fails to fulfil the relevant obligations.

As per prevailing Schedule of Charges and approved collateral/security terms.

Eligible corporate customers participating in government, private-sector or institutional tenders, subject to the Bank's assessment and approval.

Tender notice, tender documents, application, financial statements, trade licence and other documents required by the Bank.

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