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Digital bank guarantees
October 13 , 2025
14 hrs 0 min
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- India signed an agreement to enable real-time digital execution of electronic bank guarantees (e-BGs).
- NeGD's Entity Locker, part of the DigiLocker platform, will integrate with NeSL’s Digital Document Execution system.
- The system allows applicants and beneficiaries to access bank guarantees digitally through a central repository.
- e-BGs will be tamper-proof, legally valid, and issued within minutes instead of several days.
- The system supports full digital processing, including issuance, renewal, and invocation of bank guarantees.
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