ICICI Bank and NeSL execute the 1st Digital Bank Guarantee

	December 01, 2022   Dear Customer,   ICICI Bank and NeSL execute 1 st Digital Bank Guarantee   We refer to the Amendment in General Financial Rules (GFR), 2017 issued by the Department of Expenditure under Ministry of Finance on August 5, 2022 for Acceptance of Electronic Bank Guarantee. National e-Governance Services Limited (“NeSL”) is a Union Government Company and India's first Information Utility registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). We take this opportunity to introduce the launch of Electronic Bank Guarantee (BG) portal (“Portal”) by ICICI Bank in association with NeSL. This enables complete Digital Document Execution (DDE) and an authenticated paperless BG delivery. The DDE platform launched by NeSL in November 2020 is integrated across Banks and enabled for Digital Stamping in 23 States/Union Territories. This DDE platform is now enabled for Electronic BG issuance. The Electronic BG is e-stamped, digitally signed and hosted on the NeSL portal in digital form. The Portal provides instant notification to beneficiaries and acts as a central repository facilitating direct access, download and authentication of BGs. ICICI Bank successfully executed the first such Electronic BG on September 5, 2022. We look forward to your adoption of digital BG issuance and real time communication to beneficiaries through the Portal. By adopting the electronic BG, all stakeholders could reap in efficiency savings in their operations. For further information, please contact your Relationship Manager/Account Manager or get in touch with ICICI Bank, trade desk enabled branches.   Sincerely, Team ICICI Bank
	T&Cs Disclaimer