Bank guarantee

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2013 Suppose im taking Bank Guarantee from Citi Bank On Amt Of Rs.3.5cr for 3yrs so can any 1 tell me how the Bank calculate the Charges on BG Amount.Whether the charges is one time or they charge year wise.and is the charges is based on Bank Guarantee Amount or Bank guarantee period.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 August 2013 Bank Guarantee charges will be charged by bank quarterly and some bank will charge the BG charges at one time for complete BG period at the time of taking BG

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 August 2013 Bank Guarantee charges will be charged by bank quarterly and some bank will charge the BG charges at one time for complete BG period at the time of taking BG

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Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2013 Thank You Sir