Empowering your commitments. Backing your growth
A Bank Guarantee is a promise made by a bank on behalf of its customer (applicant) to a third party (beneficiary), assuring that the bank will fulfil the financial or performance obligation in case the customer fails to do so.
Ujjivan Small Finance Bank offers Bank Guarantees to support your business needs, enhance your credibility, and ensure smooth execution of contracts, tenders, and projects.
Whether you're a trader, contractor, service provider, or manufacturer, our Bank Guarantee services are tailored to help you meet your commitments with confidence.
Type of Bank Guarantees Offered:
Financial Guarantee
Benefits with Ujjivan Small Finance Bank:
Quick processing with simple documentation
Competitive pricing
Customizable validity and value
Charges:
Particular | Charges for Bank Guarantee |
Commission | 1.5% Per Annum (Minimum INR 2,000 per BG) |
BG Issuance | INR 1,000 per transaction |
BG Amendment | INR 1,000 per transaction |
BG Cancelation | INR 1,000 for live BG (before expiry) |
BG Invoked handling charges (partially or impartial) | INR 5,000 per transaction |
Note : The above mentioned charges are exclusive of GST and commission to be recovered for the entire period of the BG (including the claim period) upfront.
Reach out to your nearest Ujjivan Small Finance Bank branch or relationship manager to know more and apply for a Bank Guarantee today.