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About Bank Guarantee

Bank Guarantees are essentially financial instruments under which a financial institution promises to cover a beneficiary's losses, if the applicant fails to meet their contractual obligations.

Benefits you deserve

Digital BG issuance

  • Fast Online BG Issuance in 3 Hours with eBG and Online Stamp Duty Payment*.

Industry Expertise

  • Insights on Government Tender opportunities with quick BG confirmation via SFMS and easy eBG cancellations.

Certified Assistance

  • Certified Trade Professionals offering pre-vetted BG text for leading beneficiaries.

Dedicated Service & Vast network

  • 100% branches are ready to issue all types of domestic/foreign BGs with dedicated Trade Helpdesk assistance.

Features tailored for you

Types of BGs

Performance Guarantees

  • We offer assurances demonstrating your commitment to accurately and punctually fulfilling contractual obligations. 

  • These guarantees are crucial for projects, tenders, or contracts requiring proof of financial capability and reliability.

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Payment Guarantees

  • Our payment guarantees offer the assurance and security needed for smooth trade transactions. Whether it is an advance payment guarantee or payment against documents, our guarantees ensure seamless fund transfers between buyers and sellers.

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Financial Guarantees

  • Our financial guarantees are tailored to fulfill various financial responsibilities, including lease agreements, customs duties, and other commitments. We offer customised solutions to enhance your business objectives and simplify financial transactions.
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Frequently Asked Questions

To obtain a Business Bank Guarantee from HDFC Bank, submit a request at an HDFC Bank branch or online through the Wooqer link or TradeOnNet platform.

It expires if not invoked within the validity period, no amount is payable under it, or the original guarantee is surrendered to the bank.

A  Bank Guarantee is a promise from a bank or financial institution that ensures the obligations of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it. It’s a safety net for the beneficiary, assuring they won’t suffer loss if the debtor cannot fulfil their obligations. It is commonly used in business transactions as a form of financial security.

Yes, a Bank Guarantee can be cancelled. It expires if not invoked within the validity period, no amount is payable under it, or the original guarantee is surrendered to the bank.

A Bank Guarantee is a  guarantee issued by a bank on behalf of a customer, assuring a beneficiary that specified financial obligations will be fulfilled if the customer defaults.

More about Capital Account Transactions

  • Services
  • We issue Domestic and Foreign Bank Guarantees backed by a 100% Fixed Deposit.
  • Our Bank Guarantee offers a unique feature with issuance in just 3 hours*.
  • You can request a BG at any HDFC Bank branch or conveniently online through platforms like Wooqer link or Trade on Net.
  • *Subject to terms and conditions
  • Types of BGs
  • Performance Bank Guarantees: We offer assurances demonstrating your commitment to accurately and punctually fulfilling contractual obligations. These guarantees are crucial for projects, tenders, or contracts requiring proof of financial capability and reliability.
  • Payment Guarantees: Our payment guarantees offer the assurance and security needed for smooth trade transactions. Whether it is an advance payment guarantee or payment against documents, our guarantees ensure seamless fund transfers between buyers and sellers, enabling confident business transactions.
  • Financial Guarantees: Our financial bank guarantees are tailored to fulfill various financial responsibilities, including lease agreements, customs duties, and other commitments. We offer customised solutions to enhance your business objectives and simplify financial transactions.