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Extension of validity Period

  1. Same charges as is levied at the time of issue of BG.


  1. All type of Bank Guarantees will be issued for a minimum period of 3 months and thereafter in multiples of 1 month. If any BG is required to be issued initially for less than 3 months, the Zonal Manager is authorized to take a decision on a case-to-case basis.
  2. BG charges will be recovered in multiples of month or part thereof, for the actual period of BG liability outstanding in Bank’s books, with a minimum period of 3 months.  For recovery of commission broken days in month will be treated as full month.
  3. The BG commission should be collected for the full specified period of liability at the time of issuing the BG.
  4. The specified period of liability shall mean the actual validity period of the BG (i.e. expiry date plus claim period).

All service charges mentioned above are excluding of GST or any other taxes as applicable.


“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.”