Rakshati Finserv
Rakshati Finserv is an Indian managed financial-services company.
How is a surety bond different from a bank guarantee?
“A bank guarantee locks up cash margin or an FD lien and eats into your CC limit. A surety bond is backed by an insurer instead, so your working capital and bank limit stay free, for a small annual premium.”
View in the company profileIs it accepted by government departments?
“Yes. Insurance surety bonds are recognised under Indian procurement norms and accepted by 290+ obligees including NHAI, CPWD, Railways and GeM. We confirm acceptance for your specific tender before you commit.”
View in the company profileHow quickly can a bond be issued?
“Issuance timing is set by the insurer after underwriting. We reply within 4 working hours with the documents your tender needs, so you skip the weeks of paperwork a bank guarantee can take.”
View in the company profileWhat does it cost?
“You pay an annual premium, typically a small percentage of the bond value, instead of locking cash as margin. Typical premiums (set by the insurer) start around 0.95% p.a. and vary by grade and bond type. Final terms depend on underwriting.”
View in the company profileWhich bonds can you replace?
“Bid, performance, mobilisation / advance-payment, retention, security-deposit, customs and court bonds — across roads, metro, power, water and other infrastructure sectors.”
View in the company profile