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