Design

GM(O), AGM,Firm shall submit performance bank guarantee for amount of equvalant to 5% of contarct value.This, performance bank garantee shall be in the form of bank guarantee executed and submitted through any, sheduled commercial bank authorized by RBI.This performance bank guarantee shall be valid entire waranty, period plus 3 months claim period.Government of india established NeSL under IBC2016 with objective of, executing Bank documents digitally. NeSL has come out with e-BG platform,wherein BGs are issued in electronic, form through NeSL platform. PBG shall be submitted through NeSL platform.(National E-Governance Services, Ltd) . Use UIN No. NCTGC2534P to process E-PBG. (OR) The Bank Guarantee shall be established through, Structured Financial Messaging System (SFMS) mode from a Scheduled Commercial Bank authorized by RBI in, India as defined by RBI. A separate copy of the BG has to be sent by the issuing bank to the Purchaser’s bank, through SFMS. The details of Purchaser’s bank are as under: STATE BANK OF INDIAOverseas Branch,No.65, St., Marks Road,Bangalore – 560001 IFSC Code: SBIN0006861(Vijayamahantesh), (Gm Beml Lilited)