Federal Bank has partnered with National E-Governance Service Limited (NeSL) to launch electronic Bank Guarantee (e-BG) facility for its customers. With this facility, Federal Bank’s customers can now digitally obtain a Bank Guarantee, replacing the traditional paper-based process.
NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).
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