Electronic Bank Guarantee (eBG)
Aimed at enhancing efficiency, reducing paperwork, and improving security, Electronic Bank Guarantee (eBG) is a digital bank guarantee issued in partnership with NeSL, with seamless e-signing and e-stamping facility, and delivered digitally to the beneficiary instantly. With a streamlined digital issuance process, instant alerts to beneficiary and applicant on issuance or change of status, and digital records stored in a central repository on the NeSL portal, an eBG eliminates the need for traditional paper-based bank guarantees.Read more Read less
Why choose eBG
Designed to give you just what you need
A hassle-free process that is digital and paperless
Quick issuance delivery of eBG to beneficiary within a few minutes
Instant alerts to beneficiary and applicant when an eBG is issued or its status is changed
No hidden fees
We prioritize clean and honest banking. What you see is what you get.
100%
transparent
& upfront
Documents required
- Bank guarantee application
- Copy of work order
As easy as 1,2,3...
Apply for an electronic bank guarantee in 3 simple steps
Step 1
Visit your branch or apply online
Go to your closest Karnataka Bank branch or apply online
Step 2
Submit your form
Fill out and submit the eBG application form
Step 3
Verify your details
Upload the documents and wait for us to send you a confirmation
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Got questions? We’ve got answers.
An Electronic Bank Guarantee (eBG) from Karnataka Bank is a digitally issued bank guarantee that ensures fast, secure, and paperless processing. It provides businesses with assurance that their contractual obligations will be met, with the guarantee issued and managed entirely through a digital platform, in partnership with NeSL.
Karnataka Bank s eBG offers numerous benefits, including faster processing, reduced paperwork, enhanced security with digital signatures, and real-time tracking. This ensures your business can secure contracts and fulfill obligations quickly and efficiently, minimizing the risk of fraud and errors.
Unlike traditional bank guarantees that require physical documentation, an eBG is issued and managed electronically. This eliminates the need for physical visits to the bank, reduces processing time, and provides enhanced security through the use of blockchain technology and digital signatures
The National E Governance Services Ltd. (NeSL) plays a crucial role in the issuance of eBGs by providing the digital infrastructure for secure, realtime issuance, verification, and storage. NeSLs platform ensures that Karnataka Bank s eBGs are compliant, tamper-proof, and easily trackable
To apply for an eBG, you can visit your nearest Karnataka Bank branch or contact your relationship manager. The application process is streamlined through Karnataka Bank s digital platform, and once approved, the eBG is issued electronically via NeSL, allowing for quick and secure processing.
If you have lost your debit or credit card, or if it has been stolen, you should immediately report the incident to Karnataka Bank to ensure your account's security. You can send an email to info@ktkbank.com detailing the situation. Alternatively, you can call our toll-free customer numbers at 1800 425 1444 or 1800 572 8031. Prompt reporting is crucial to prevent any unauthorized transactions and to secure your account.
The rates and charges for electronic bank guarantees from Karnataka Bank are as follows:
1. Performance guarantee: ₹200 + 2.5% p.a. or part thereof
2. Other than performance guarantee: ₹200 + 3% p.a. or part thereof
3. Bank guarantees fully secured by deposits: ₹500 + 20% of normal charge with a min of ₹250 and max of ₹1 lakh
Electronic Bank Guarantees (eBGs) from Karnataka Bank offer businesses a fast, secure, and efficient way to guarantee contractual obligations. Partnering with the National E Governance Services Ltd. (NeSL), Karnataka Bank ensures that eBGs are issued, verified, and stored digitally, providing enhanced security and reducing fraud risks. NeSLs digital platform allows for real-time tracking and quick issuance, eliminating the delays and paperwork associated with traditional guarantees. Ideal for businesses engaged in large projects or tenders, eBGs streamline the process, ensuring seamless, reliable, and compliant financial transactions. Choose eBGs from Karnataka Bank for secure and efficient contract fulfillment.
