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  #1  
October 6th, 2016, 12:24 PM
Super Moderator
 
Join Date: Mar 2012
BG Charges SBI

Can you tell me about the Inland BG or Bank Guarantee Charges for Inland Service as offered by SBI (State Bank of India)?

The Inland BG or Bank Guarantee Charges for Inland Service as offered by SBI (State Bank of India) are as follows:

- Inland BG Charges
Performance Guarantees as well as Financial Guarantees

Minimum Commission = Rs. 500/-
Upto Rs.5 cr. = 2.10.% p.a.
Above Rs.5 cr. & upto Rs. 10cr. = 1.60% p.a.
Above Rs.10 cr. = 1.30% p.a.


- For refund of commission for Unexpired Guarantee

Upto 25% = Discretion will be with DGM(B&O) of the Network.
Upto 50% = Discretion will be with GM of the Network.


- Letters of Comfort (LOC)

Backed by 100% discharge of liability (viz., cash margin, Sanctioned Term Loan, Guarantee of First Class bank, 100% lienon drawing power) = 0.525% p.a.
Others = 2.10% p.a.
Minimum charge for 3 months will be recovered.

- Exercise of Swing Option

@ 0.02% of amount involved, subject to a minimum of Rs.500/- and a maximum of Rs. 2500/-. (No authority has been vested with discretion to reduce this service charge)


-- For LCs & BGs with 100% cash margin 25% of the regular charges to be recovered.

-- For LC and BG Charges, for high value customers (i.e. for all CAG, MCG and as decided by SMEBU for NBG), customer-wise schedule of Service Charges is prepared and enclosed to the loan sanction proposal. In other words, there is a Rate Card for every sanction with company-wise rate to be fixed by the respective Sanctioning Authority.

Last edited by Neelurk; February 12th, 2020 at 04:19 PM.
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  #2  
October 22nd, 2018, 03:52 PM
Unregistered
Guest User
 
Re: BG Charges SBI

how many charge on bank guarantee 16 lake for 2 year by state bank of India on 100% cash margin
  #3  
August 19th, 2021, 07:05 AM
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Re: BG Charges SBI

What is Bank guarantee charge for Rs. 250000
  #4  
November 13th, 2021, 10:52 AM
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Re: BG Charges SBI

What is the bank gurantee charges of 12lakhanke against floor 2yr
  #5  
September 28th, 2022, 08:05 PM
G.Ramarao
Guest User
 
Re: BG Charges SBI

2500000 Bank Guarantee on construction of Hi-Rise Buildings at visakhapatnam


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