• A- A A+

Guarantee for Project Exports

 (Which include Bid Bonds, Bonds for earnest money, Guarantee for advance payment by foreign customers and Export performance guarantee

Where ECGC cover is up to 75%

0.125% per quarter and part thereof

Where ECGC cover is up to 90%

0.12% per quarter and part thereof (Minimum ₹1500 +ECGC premium per guarantee)

Issued against 100% counter guarantee of the Government of India

25% of the normal charges on the amount covered by GOI Counter Guarantee.  Normal charges as above on the guarantee amount not covered by counter guarantee

Issued against cash deposit to the extent of Bank’s liability

25% of the normal charges

Guarantees not covered by C1,C2,C3 AND C4

0.30% per quarter and part thereof, Min ₹1500

Commission for issuing Bid bonds for supply to projects carried out abroad

50% of normal commission applicable at the time of issuance of guarantee. Balance to be collected only on materialization of the contract. No refund of commission if bid gets frustrated.

  • Min ₹500

“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.”