Validity period of bank gurantee.
This query is : Resolved
25 February 2014
Maximum and Minimum period of bank Gurantee.
Thanks in advance.
Thanks in advance.
26 February 2014
there is no minimum period. as per RBI master circular the maximum period can be ten years. However, where the bank is funding projects for period in excess of 10 years, bank guarantee can exceed 10 years.
please refer para 2.1.3 of RBI master circular on Guarantees and Co-acceptances dated July 1, 2013
please refer para 2.1.3 of RBI master circular on Guarantees and Co-acceptances dated July 1, 2013
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