Question: Give me the guidelines for RBI Bank Guarantee.
Answer: There are following guidelines for RBI Bank Guarantee:
General Guidelines
Guidelines relating to conduct of Guarantee Business
Guarantees governed by regulations issued under the Foreign Exchange Management (Guarantees) Regulations
Restrictions on guarantees of inter-company deposits/loans
Payment of invoked guarantees 2.6 Co-acceptance of Bills
Precautions to be taken in the case of Letters of Credit
For more information about Bank Guidelines feel free to download attached pdf file.