Bank guarantees in lieu of Earnest Money Deposit, Security Deposit, Bid Bonds, Advance Payment, Performance, Retention Money etc., shall be issued depending on the nature of business requirement.

Financial Guarantee: guaranteeing repayment of a loan or a debt

Performance Guarantee : These are the guarantees issued in respect of performance of contract or obligation. Although these guarantees are for performance, in such cases, in the event of non-performance of the obligations as per the terms of the contract, the Bank assumes under the guarantee, only monetary liability up to a specified amount

Deferred Payment Guarantee: Issuance of deferred payment guarantees favouring suppliers / manufacturers shall arise where goods / machineries are supplied on credit and the payment is to be made by deferred instalments. The manufacturers / sellers will agree to supply the same only if such deferred instalments are guaranteed by the bank.

Conditions apply. The information provided above is only illustrative and not exhaustive.

Contact: For more details, please contact your nearest: Canara Bank Branch or E-mail to:hosbu@canarabank.com