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Issuance of bank guarantees in electronic mode in partnership with NeSL, seamlessly with e – sign & e-stamp facility and digitally delivered to the beneficiary, thus replacing conventional method of physical issuance
Benefits of E-BG:
- Completely paperless - Online issuance without visiting the branch
- Elimination the need for authentication of BG
- Digital records of BG’s and subsequent events
- Delivery to beneficiary immediately on issuance
- Improved working capital efficiency
- Streamlined BG issuance process
- Notification to beneficiary and applicant
Electronic Bank Guarantee Issuance
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