Bank Guarantee2017-10-03T06:31:02+00:00

You can avail our Bank Guarantee against cash or sufficient collateral as approved by RMA guidelines.

Types of Bank Guarantees

  • Bank Guarantee for Bid Security/Earnest Money Deposit (EMD)
  • Bank Guarantee for Mobilization Advance
  • Bank Guarantee for Advance Payment
  • Bank guarantee for Retention of Money
  • Bank Guarantee for Security Deposit
  • Bank guarantee for Defect Liability
  • Performance Guarantee Inland
  • Bank Guarantee Foreign
  • Performance Guarantee Foreign

Policy

Commission Rate

  • Bank Guarantee for EMD & Bid Security
    • upto 250,000 – Nu. 500
    • above 2,50,001 to 500,000 – Nu. 1000
    • above 500,001 to 1,000,000 – Nu. 2000
    • above 1,000,001 – Nu 3000
  • Bank Guarantee for Mobilization Advance
    •  2% on the guarantee amount
  • Bank Guarantee for Advance Payment
    • 2% on the guarantee amount
  • Bank Guarantee for Retention of Money
    • 2% on the guarantee amount
  • Bank Guarantee for Security Deposit
    • 2% on the guarantee amount
  • Bank Guarantee for Defect Liability
    • 2% on the guarantee amount
  • Bank Guarantee Foreign
    • 3% on the guarantee amount
  • Performance Guarantee Inland
    • Upto Nu.100 million = 2% p.a, Min Nu.500
    • Above Nu.100 million= Negotiation between the bank and the client.
    • Against Cash margin money = 1% p.a
    • Against Fixed Deposit = 2%
  • Performance Guarantee Foreign
    • Upto Nu.100 million = 2% p.a, Min Nu.500
    • Above Nu.100 million= Negotiation between the bank and the client.
    • Against Cash margin money = 1% p.a
    • Against Fixed Deposit = 2%
    • 1% for Margin Money Deposits for both Bank and Performance Guarantees; domestic.

Eligibility Criteria

Security

  • Security Coverage 1:1
  • Immovable properties; House/Building must be commercially viable
  • Movable properties; Equipment/Vehicles (not older than five years)
  • Gold jewelleries and Fixed Deposit Certificates
  • Should be a Bhutanese citizen
  • Should have a sound source of repayment
  • Guarantees issued must be covered at the ratio of 1:1

Documents

  • Authenticated ownership of properties
  • 2 Nos of Passport size photograph
  • Trade License
  • CDB Certificate (if it is Construction Company)
  • Citizenship Identity Card Copy
  • FIS clearance
Bank Guarantee Application Form
Bank Guarantee Application for Existing Client/s
Business Advantage Card Application Form
Bank Guarantee Extension Application Form

 

Announcement!

Annual Maintenance Fee of Nu. 150.00 will be charged on all categories of Savings Accounts, except for NRB accounts, Pensioners accounts, Piggy Bank accounts.