Fund based limits

Deferred Payment Guarantees

For acquisition of capital goods (Plant/Machinery including generators) and where there is provision for suppliers credit by the Manufacturer/Supplier.

Term Of Payment

In tune with credit extended by the manufacturer/supplier.

Security

1^st Charge on fixed assets financed by us. Collateral Security and Personal/Third Party guarantee shall be insisted wherever required.

Bank Guarantee

Bank guarantees in lieu of Earnest Money Deposit, Security Deposit, Bid Bonds, Advance Payment, Performance, Retention Money etc., shall be issued depending on the nature of business, requirement, Margin, security, commission, period of guarantee shall be as per Bank's norms.

Letters Of Credit DA/DP Terms

Letters of Credit for purchase of raw materials/inputs and capital goods shall be opened as per the terms of supplier of such goods/services. Margin, security, commission shall be as per Bank's norms. Wherever necessary, Letters of Credit of Revolving type also shall be opened.