OBPLC Earnest Money/Bid Bond

OBPLC Earnest Money/Bid Bond

We have initiated OBPLC Earnest Money/Bid Bond facility for eGP finance (Time loan for issuing pay order for earnest money and providing bank guarantee for bid bond to participate in tender through online based e-GP).

Purpose:

For participating in eGP tender/supply order invited by Govt. /Semi-Govt./Autonomous bodies by providing time loan facility through payment order (Pay Order) or bid bond through bank guarantee.

Features:

  • Regular & specific(on demand) limit.
  • Loan amount maximum Tk. 1.00 crore.
  • Loan tenor 120 days for Time loan (PO) & BG.
  • Pay order issuance charge is free.
  • No collateral required for Earnest Money/Bid Bond. Further W/o facility will be followed by existing OBPLC policy.

Eligibility:

  • SME Entrepreneurs age limit: 21 to 55 years.
  • At least 02 years same line business experience is required.
  • The customer must have contractorship license/enlistment with an acceptable work order issuing authority

SME Banking