Query about b.g
This query is : Resolved
Govind Agrawal
(Querist)
15 January 2014
We are a trader got a purchase order for supply of material. The buyer is agreed to give an advance of 10% of total order price & a bank Guarantee for Rs. 60 lakhs.
For which what will be the secured format of the B.G?
For which what will be the secured format of the B.G?
Nikhil Kaushik
(Expert)
16 January 2014
Dear govind,
BG issued by a bank on behalf of a person. it is a standardised banking instrument...you need not worry too much...however ensure that the BG is issued by a reputed bank preferably nationalized one.
BG issued by a bank on behalf of a person. it is a standardised banking instrument...you need not worry too much...however ensure that the BG is issued by a reputed bank preferably nationalized one.
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