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Topic Review (Newest First)
September 28th, 2022 08:05 PM
G.Ramarao
Re: BG Charges SBI

2500000 Bank Guarantee on construction of Hi-Rise Buildings at visakhapatnam
November 13th, 2021 10:52 AM
Unregistered
Re: BG Charges SBI

What is the bank gurantee charges of 12lakhanke against floor 2yr
August 19th, 2021 07:05 AM
Unregistered
Re: BG Charges SBI

What is Bank guarantee charge for Rs. 250000
October 22nd, 2018 03:52 PM
Unregistered
Re: BG Charges SBI

how many charge on bank guarantee 16 lake for 2 year by state bank of India on 100% cash margin
October 6th, 2016 12:24 PM
Nitin Sharma
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.

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