Bank Guarantee

Bank Guarantees issued by ICICI Bank are printed on serially numbered security paper.

Bank Guarantees issued by the Bank are advised to the beneficiaries through the Structured Financial Messaging System (SFMS) by 760COV message type, wherever a trade-active IFSC of the beneficiary’s Bank is provided.

Bank Guarantees issued by the Bank which are e-stamped and e-signed can be accessed through the National e-Governance Services Ltd. (NeSL) portal by the beneficiary.

Beneficiaries are advised to get the Bank Guarantees verified for authenticity by writing to bgconfirmation@icici.bank.in or to ICICI Bank Limited, Trade Finance Operations Group, ICICI Bank Towers, Survey No.115/27, Tower 3, South Wing, 6th Floor, Plot No. 12, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana.

The bank compensates for any delay or failure in performance or operation by the applicant.

An advance is paid to the seller, and the guarantee ensures a refund if the seller fails to deliver as agreed.

A bank undertakes to meet the financial obligations of a company if it defaults.

Issued on behalf of a borrower for the benefit of a foreign beneficiary.

Offered to exporters for deferred payments, especially in capital goods or machinery purchases, where the buyer’s bank guarantees payment.

Ensures that a bidder can and will undertake a project if selected.

Bank Guarantee is an undertaking by a bank assuring the beneficiary that the bank will pay a specified amount if the applicant fails to fulfil the financial or performance obligations stated in the guarantee. The liability to pay lies with the bank, not the applicant, as the bank acts as the guarantor. 
It is a vital banking instrument that helps facilitate both domestic and international trade by providing assurance to parties involved in a transaction.

Yes, customers can apply for a Bank Guarantee through ICICI Bank’s trade online platform.

Yes, customers can avail a Bank Guarantee against 100% Fixed Deposit linked to their Savings Account by visiting an ICICI Bank branch.

• Contractors working with government bodies or public sector companies
• Suppliers and manufacturers of goods and equipment
• Importers and exporters for customs duty and as per underlying contract obligations
• Medical colleges (for student admission)
• Judiciary (for legal matters)
• Others, as per the requirement

• Apply against a Fixed Deposit from your Savings Account
• Single-visit fulfilment
• Simplified documentation
• Competitive pricing 
• Accepted by government institutions and bodies
• Earn attractive interest on your Fixed Deposit