Bank Guarantee Process

The Bank Guarantee Process is the sequence of steps taken by the banks on receipt of completed application forms.

Application form is accepted and acknowledged. Personal interview /discussions is held with the customers by the bank’s officials. Bank’s Field Investigation team visits the business place/work place of the applicant. (All the documents submitted are verified by the bank with the originals so as to ensure the authenticity of the same.) Bank verifies the track record of the applicant with the common information sharing bureau (CIBIL).
In case of fresh projects the bank analyses the back ground of the applicant/firm/company and the Technical feasibility/financial viability of the project based on various parameters and also the existing market conditions. Depending on the size of the project the file is put up for sanction to the appropriate level of authority.

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