| 1.Deferred payment Guarantees |
- For acquisition of Capital goods (Plant & Machinery including Generators) where there is provision for Suppliers Credit by the Manufacturer/Supplier
- Terms of payment in tune with Credit extended by the manufacturer/Supplier
- Security: Primary security:1st charge on fixed assets financed. Collateral security and Third party guarantee as per Bank policy.
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| 2.Bank Guarantees |
- Guarantees in lieu of Earnest money Deposit, Security Deposit, Bid Bonds, Advance payment, Performance, Retention money etc
- Depending upon nature of business requirement
- Margin, Security, Commission, period of guarantee as per Bank norms.
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| 3.Letters of Credit |
- For purchase of Raw materials/inputs and Capital goods
- LC issued will be as per terms of suppliers of the goods/services
- Margin, Security, Commission shall be as per Bank norms
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