Indian Bank, in partnership with National E-Governance Service Limited (NeSL), has rolled out e-BG (Electronic Bank Guarantee) services under Project WAVE to reduce the number of old paper-based process. The e-BG roll out will reduce the turn-around time of the bank issuance and delivery to the beneficiary within few minutes from the 3-4 working days. In addition, e-BG by Indian Bank would replace physical stamp paper and physical signatures of customers with e-signature and e-stamps.
