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- E-bank guarantee facility has been launched by Punjab & Sind Bank.
- Punjab & Sind Bank has launched this facility in partnership with National e-Governance Services Ltd. (NeSL).
- The e-Bank Guarantee (e-BG) facility will replace the paper-based BG issuance process with stamping and signatures.
- This step will reduce the TAT (turnaround time) and increase the ease of business for applicants and beneficiaries.
- NeSL’s e-BG is paperless. It is available in a digital form to the beneficiary of an e-BG on registration on the portal of NeSL.
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