{"id":12598,"date":"2026-03-10T16:31:53","date_gmt":"2026-03-10T16:31:53","guid":{"rendered":"https:\/\/stcb.svpdev.cloud\/v3\/?page_id=12598"},"modified":"2026-10-07T15:28:02","modified_gmt":"2026-10-07T15:28:02","slug":"bank-guarantee","status":"publish","type":"page","link":"https:\/\/stcb.svpdev.cloud\/v3\/cards\/bank-guarantee\/","title":{"rendered":"Bank Guarantee"},"content":{"rendered":"\t\t
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Bank Guarantee<\/span> <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u00a0<\/h5>
  • \u2714\ufe0f<\/span><\/span>Only financial guarantee should be issued for period not exceeding 10 years.<\/li>
  • \u2714\ufe0f<\/span><\/span>Guarantee should not be allowed to the customers who do not enjoy credit facility bearing small amount guarantees. The small amount guarantee will be on 100% Cash Margin.<\/li>
  • \u2714\ufe0f<\/span><\/span>The guarantee shall be secured on 50% cash margin and 50% movable \/ immovable security.<\/li>
  • \u2714\ufe0f<\/span><\/span>The guarantee shall have restricted liability clause and guarantee draft letter shall be approved by legal advisor of the bank.<\/li>
  • \u2714\ufe0f<\/span><\/span>The commission shall be levied as approved by the bank from time to time.<\/li>
  • \u2714\ufe0f<\/span><\/span>Branches shall keep a separate Guarantee Issued Register.<\/li>
  • \u2714\ufe0f<\/span><\/span>Once the guarantee period expires, a notice \/ letter shall be issued to the beneficiary requesting him to return the original guarantee and customer may be persuvaded to get back the original guarantee.<\/li>
  • \u2714\ufe0f<\/span><\/span>No guarantee shall be issued without the sanction of Board of the Bank.<\/li>
  • \u2714\ufe0f<\/span><\/span>If any claim arises, it should be referred to H.O. and only after obtaining permission the guarantee claim amount should be settled.<\/li>
  • \u2714\ufe0f<\/span><\/span>The applicant should be asked to clear the claim amount without loss time. If not cleared, the usual steps for recovery of loan should be initiated.<\/li>
  • \u2714\ufe0f<\/span><\/span>While settling the claim, the amount should be debited to separate Guarantee Claims Settled Register and shall carry interest at clean rate till the loan is cleared.<\/li>
  • \u00a0<\/li><\/ul>

    SOLVENCY CERTIFICATE<\/h2>
    • \u2714\ufe0f<\/span><\/span>Solvency Certificate shall be issued only to the Bank customer.<\/li>
    • \u2714\ufe0f<\/span><\/span>Amount of solvency for an individual shall not exceed his\/her business asset plus outside-worth Minus Liabilities if any.<\/li>
    • \u2714\ufe0f<\/span><\/span>Solvency Certificate shall be issued with prior sanction of the Board.<\/li>
    • \u2714\ufe0f<\/span><\/span>The prescribed commission shall be collected.<\/li>
    • \u2714\ufe0f<\/span><\/span>The prescribed commission shall be collected.<\/li>
    • \u2714\ufe0f<\/span><\/span>The Solvency Certificate shall be issued to specific beneficiary and in the prescribed format.<\/li>
    • \u00a0<\/li><\/ul>

      Pay order Facility<\/h2>
      • \u2714\ufe0f<\/span><\/span>Bank issues payorder at lesser commission charges.<\/li>
      • \u2714\ufe0fNo commission will be charged for the payorders purchased by the members to pay their children school\/college fees.<\/span><\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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        We have reputable\ncustomer<\/span> feedbacks <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
        \n\t\t\t\t\t\t\t\t\tDesign Season is a collaboration between Leicester’s creative hub LCB based in the city’s cultural quarter and designers and design businesses all over the city & county\t\t\t\t\t\t\t\t<\/div>\n\t\t
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        Active customers \nuse our application<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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        \n\t\t\t\t$<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\tk<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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        Loans given out in the last few months<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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        \n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

        Bank Guarantee \u00a0 \u2714\ufe0fOnly financial guarantee should be issued for period not exceeding 10 years. \u2714\ufe0fGuarantee should not be allowed to the customers who do not enjoy credit facility bearing small amount guarantees. The small amount guarantee will be on 100% Cash Margin. \u2714\ufe0fThe guarantee shall be secured on 50% cash margin and 50% movable […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":658,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"class_list":["post-12598","page","type-page","status-publish","hentry","no-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/stcb.svpdev.cloud\/v3\/wp-json\/wp\/v2\/pages\/12598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stcb.svpdev.cloud\/v3\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/stcb.svpdev.cloud\/v3\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/stcb.svpdev.cloud\/v3\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stcb.svpdev.cloud\/v3\/wp-json\/wp\/v2\/comments?post=12598"}],"version-history":[{"count":5,"href":"https:\/\/stcb.svpdev.cloud\/v3\/wp-json\/wp\/v2\/pages\/12598\/revisions"}],"predecessor-version":[{"id":14373,"href":"https:\/\/stcb.svpdev.cloud\/v3\/wp-json\/wp\/v2\/pages\/12598\/revisions\/14373"}],"up":[{"embeddable":true,"href":"https:\/\/stcb.svpdev.cloud\/v3\/wp-json\/wp\/v2\/pages\/658"}],"wp:attachment":[{"href":"https:\/\/stcb.svpdev.cloud\/v3\/wp-json\/wp\/v2\/media?parent=12598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}