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GUARANTEES- In favour of Shipping Companies/ Agencies for Clearance of Goods Pending Production of Bill of Lading

Relating to imports under our LCs

  • 0.075%
  • Min ₹500

Relating to imports not under LCs

  • 0.30% at the time of issue of guarantee
  • Beyond 3 months, additional commission @ 0.20% per month or part thereof
  • Min commission for one quarter or ₹500 per guarantee, whichever is higher

Issued in favour of local parties against counter guarantee of our Correspondent Bank (Subject to Approval from HO)

  • 0.15% per month
  • Min for 3 months or equivalent to USD 200, whichever is higher.
  • On monthly basis thereafter, per guarantee.
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“Compare and Shop is a Service provided by Cheggout Services Pvt Ltd for Punjab and Sind Bank customer(s). Punjab & Sind Bank is providing this as a value added service. Punjab and Sind Bank does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit.”

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