Bank Guarantee
Financial assurance for every transaction
Secure Contracts Confidently with T Bank’s Bank Guarantee Facility!
Eligibility
- Firms/ agencies holding valid business license
- Anyone one who can provide 100% cash margin money or having sufficient collateral charged with T Bank or counter guaranteed by our relationship bank.
Quantum
- As per security backed/provided and counter guarantees provided.
Tenure
- Within Bhutan-12 months or renewal basis
- Outside Bhutan- Counter Guarantee from international banks, will be as per their client’s request.
Interest Rate
- 2% p.a. for Bid Security and 3% p.a. for Performance and Other Guarantee.
Documents Required
Bank guarantee application form
Counter guarantee form
Valid license copy
Identity card copy
Invitation of BID details/letter of work awarded details/ contract agreement details
For inward BGs (bank guarantees) for and behalf of outside parties’ counter guarantee from accepted banks.
- Firms/ agencies holding valid business license
- Anyone one who can provide 100% cash margin money or having sufficient collateral charged with T Bank or counter guaranteed by our relationship bank.
- As per security backed/provided and counter guarantees provided.
- 2% p.a. for Bid Security and 3% p.a. for Performance and Other Guarantee.
- Within Bhutan-12 months or renewal basis
- Outside Bhutan- Counter Guarantee from international banks, will be as per their client’s request.
Bank guarantee application form
Counter guarantee form
Valid license copy
Identity card copy
Invitation of BID details/letter of work awarded details/ contract agreement details
For inward BGs (bank guarantees) for and behalf of outside parties’ counter guarantee from accepted banks.
