Punjab & Sind Bank Introduces e-Bank Guarantee Service.

Banking & Finance

New Delhi, State-owned Punjab & Sind Bank on Friday announced the launch of the e-Bank Guarantee (e-BG) facility in partnership with National e-Governance Services Ltd (NeSL). This initiative replaces the traditional paper-based BG issuance process with e-stamping and e-signatures.


      - The secured transmission and enhanced transparency will help beneficiaries save time and effort in verifying physical BGs.

      - Punjab & Sind Bank MD and CEO Swarup Kumar Saha said, "It is a matter of delight to join hands with NeSL for the e-BG facility. He added that this is a landmark step towards improving the ease of business for applicants and beneficiaries.

     

Main Points:-   The facility will significantly reduce the turnaround time (TAT) and serve as a game changer in curbing frauds and eliminating the inconveniences associated with the physical movement of documents.

     


About Sind Bank

Founder : Vir Singh
Headquarters: New Delhi
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