This product is launched in partnership with NeSL.
e-BG is the electronic form of bank guarantee which removes the need of printing the Bank Guarantee issued by the bank. Shared with the Beneficiary electronically, this provides the beneficiary with the life cycle management of the bank guarantee by allowing them to initiate invocation, amendment and cancellation from their end without depending on applicant or bank.
Below mentioned are the steps which are to be performed by the beneficiary, using which they will be able to authenticate the electronic Bank Guarantee issued in their favor:
- Login to NeSL Platform by visiting their website and clicking on Login on the Home Page.
- In case the user is not having credentials for login, they can click on link (named: Entity / IP Registration or Individual / Proprietor Registration) provided adjacent to “Are you registered”.
- Upon login, on home page, the user needs to click on “DDE” from the menu bar and need to select “Electronic Bank Guarantee” from the drop-down shown.
- On the next page the details of Electronic Bank Guarantee will be shown. In case the user has multiple bank guarantees issued in their favor, they can use the Search Option provided in the page.
- They need to enter the “Search” parameters and click on “Search” button provided.
The portal is completely managed by NeSL.
Also, it will be providing below mentioned benefits: