SME Bank Guarantee
Federal Bank bank guarantees for small businesses, including bid bonds, performance guarantees and guarantees in place of earnest money deposits for tenders.
Last updated on
Not yet confirmed. The details on this page are based on Federal Bank, SME Bank Guarantee Services (external site) (official website) and Federal Bank, Electronic Bank Guarantee (external site) (official website), and we have not been able to confirm them against a current official page. Check with The Federal Bank Limited before you rely on them.
- Status
- Open
- Run by
- The Federal Bank Limited
What you get
- Financial and performance guarantees
- Bid bonds, performance bonds and export performance guarantees
- Guarantees in place of security deposits or earnest money deposits for tenders, and some government departments accept one guarantee for a set period instead of a deposit for each work
- Guarantees for mobilisation advances and stage payments on projects, and for tax, customs and duty payments
- Electronic bank guarantees that the beneficiary receives and can act on electronically
Who can apply
- Businesses that are already running.
- The bank issues a guarantee after its own checks and approval
How to apply
- Ask your Federal Bank branch for a guarantee in the form the beneficiary wants
In person, any Federal Bank branch
In Kerala, any Federal Bank branch
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.