Types of Bank Guarantee with example;Bid|Performance|AdvancePayment|DeferredPayment|CounterGuarantee

Here I had discussed about types of Bank Guarantee
1) Bid Bond Guarantee
2) Performance Bond Guarantee
3) Advance Payment Guarantee
4) Deferred Payment Guarantee
5) Counter Guarantee

#MadeWithKineMaster

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[prathameshrathi]

Thank you, very nicely explained all the BGs

[prathameshrathi]

i dont think counter guarantee applies only for foreign country transaction. i mean we issue counter guarantee in case of take over of bank guarantees by our bank from another bank. comments?

[prathameshrathi]

one of our customer has requested participation guarantee. Can you pls shed some light on what is it?

[newtech]

😢Sir bank garrenty ke liye bank me full paise hona zaroori hai