Purpose
- Any individual, businessman, firm, LLP, companies can have BG/LC for the genuine business requirement.
Eligibility
- All Business firm, industrial units, trading unit, contractors who are engaged in business, manufacturing, contracting activities and enjoying working capital facilities from Bank
Documents
- LC application Form
- General Undertaking / Indemnity on Stamp Paper.
- Recommended Board Resolution for Companies
- OGL cum FEMA declaration
- IE code (one time requirement)
- Purchase order / Performa invoice
- Insurance copy only on C&F/FOB basis