Question: Please can you tell me the difference between Bank Guarantee Vs Deposit Bond?
Answer: Bank Guarantee is a guarantee which is issue by bank on a paper on which Bank Official Stamp also available which gives right to holder to cash in the guarantee when certain circumstances deem.
Deposit bond is an insurance policy document that define that insurance company will pay 10% deposit to the vendor in any of the circumstances where the deposit would be forfeited by the vendor.