bank guarantee

Dear Sir,

I have a Sole Proprietor firm. Now i'm in a situation wherein my customer is asking for Bank Guarantee to dispatch the advanced payment. But since i will be purchasing the materials from my vendor and ready to give advanced payment to my Vendor, i would be asking for Bank Guarantee as well. So, Please suggest whether is it possible to give a Reverse Bank Guarantee to my Customer on the Bank Guarantee recieved by me from my Vendor?

Corporate Lawyer

Both the Bnak Guarantees issued to you and by you shall be seperate and shall not affect ecah other.

Total likes : 1 times



RBI is not commercial bank to issue you bank guarantee. It is CENTRAL BANK to administer commercial banks. Hence it is not possible for seeking BG from RBI.




Your are not logged in . Please login to post replies

Click here to Login / Register  


  Search Forum



IPC Grand Course     |    x