Iwant to participate in a tender. As EMD they will only accept CALL DEPOSIT RECEIPT.In Mumbai no bank is issu?



Iwant to participate in a tender. As EMD they will only accept CALL DEPOSIT RECEIPT.In Mumbai no bank is issu?
ing calldeposit receipt. can you please help me to solve this prblem.

Iwant to participate in a tender. As EMD they will only accept CALL DEPOSIT RECEIPT.In Mumbai no bank is issu?
Rate these answers

One Reply to “Iwant to participate in a tender. As EMD they will only accept CALL DEPOSIT RECEIPT.In Mumbai no bank is issu?”

  1. as far as remember , call deposit receipt in such cases is drawn by the bank , at the request of the customer with the tender calling party as beneficiary( and the customer does not have to pay full amount of the cdr to bank) and therefore only the bank in which your firm has current account will issue it. secondly, for amount( if you are entering unusually high tender) your banker has to be convinced of your credibility.





Leave a Reply

Your email address will not be published. Required fields are marked *