Punjab & Sind Bank has launched e-Bank Guarantee (e-BG) facility in partnership with National e-Governance Services Ltd (NeSL) that replaces paper-based BG issuance process with estamping and esignatures. With secured transmission and enhanced transparency, beneficiaries are saved of efforts and time in verification of physical BGs.
Sh. Swarup Kumar Saha, MD & CEO, Punjab & Sind Bank said, “It is a matter of delight to join hands with NeSL for e-BG facility”. It is a landmark step towards increasing ease of business for applicants and beneficiaries. It will not only reduce the TAT (turnaround time) but also will be a game changer to curb the frauds and inconvenience caused on physical movement of documents.
Sh. Debajyoti Ray Chaudhuri, MD & CEO of NeSL said “NeSL’s e-BG is paperless and available in a digital form to the beneficiary of an e-BG on registration on the NeSL’s portal. The process of user registration is simple and one time.
