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Standby Letters Of Credit
 
This instrument indemnifies the parties involved from loss due to the breach of contract and is used in general, for securing bid/performance or advance payment.
 
This instrument also can not be opened by a casual customer. This facility is only for the customers who have account with the bank and have completed all the formality and signed agreement and have established limits from credit dept.
 
Once the standby L/C is sanctioned we help in each transaction from selecting the correspondence to making amendments for ease of transactions. We get the L/C confirmed if needed.
 
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