Bank guarantee

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2013 Suppose im taking Bank Guarantee from Citi Bank On Amt Of Rs.3.5cr for 3yrs so can any 1 tell me how the Bank calculate the Charges on BG Amount.Whether the charges is one time or they charge year wise.and is the charges is based on Bank Guarantee Amount or Bank guarantee period.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

27 August 2013 Bank Guarantee charges will be charged by bank quarterly and some bank will charge the BG charges at one time for complete BG period at the time of taking BG

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

27 August 2013 Bank Guarantee charges will be charged by bank quarterly and some bank will charge the BG charges at one time for complete BG period at the time of taking BG

Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2013 Thank You Sir

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

deepak

Sasidhar B

Aniruddha Mody

Vinod Patil

THOMAS JOHN

Subscribe Now

Bank guarantee

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

Article Assistant

GST CONSULTANCY

CA Final