ICICI Bank ICICI Bank

Bank Guarantees

Protect your business commitments with reliable Bank Guarantee services. Enjoy simplified documentation, fast processing and global acceptance for performance, Bid Bond and Advance Payment Guarantees.

 

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FAQs

What is a Bank Guarantee?

A Bank Guarantee(BG) is a promise from a bank that the liabilities of a debtor will be met if they fail to fulfil their contractual obligations.

What type of security do I need to offer to avail BG?

You can avail a Bank Guarantee against a 100% Fixed Deposit, backed by a counter guarantee or against a credit limit, subject to financial assessment.