Bank Guarantee Charges

Suresh Trevadia (Querist) 12 May 2010 This query is : Resolved
Sir, I would like to know whether the Bank is under an obligation to refund the charges on Bank Guarantees cancelled and surrendered prematurely, for the unexpired period.

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Surrender K Singal (Expert) 12 May 2010
No !

Daksh (Expert) 13 May 2010
Dear Mr.Suresh Trevadia,

The bank are governed through their manual go and check the same.

Best Regards

Daksh

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