What Is Bank Guarantee Explain In Hindi |ARP INFORMER|

What is bank guarantee explain in Hindi
#bankguarantee
A bank guarantee is a type of financial instrument provided by a bank on behalf of a customer that guarantees payment to a beneficiary if the customer fails to fulfill their contractual obligations. It serves as a form of assurance to the beneficiary that they will receive payment or compensation in the event that the customer defaults or is unable to meet their obligations.
There are several types of bank guarantees, including:
Bid, Mobilization, Security Deposit, Supply BG.
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Loans hai to Bank Guarantee nahi milta hai?