Stamp and sign Bank Guarantees digitally with Leegality NeSL eBG
Bank Guarantees are traditionally stamped and signed physically. This leads to a lot of hassle -
- It takes days to stamp and sign Bank Guarantees
- It’s challenging to track and maintain a central repository of Bank Guarantees physically
- Beneficiary has to wait for a very long time to get the documents
Say goodbye to physically stamping and signing Bank Guarantees with Leegality NeSL eBG.
With Leegality NeSL eBG you can:
- Digitally stamp the agreement using NeSL
- Automatically store the eSigned agreement in the NeSL UI
- eSign the agreement using Leegality eSign flows - enjoy ZERO error rates of Leegality eSign flows
This means, you create, stamp, sign and store the Bank Guarantee fully digitally now, with Leegality NeSL eBG.
How Leegality NeSL eBG Works
Create the document, enter signer details, and enable NeSL eSign
Create the document, enter signer details, and enable NeSL eSign
Fill out the NeSL form for Registration Type ‘Bank Guarantees’. Enter the document details, Stamp details, and Invitee details in the form. (You can also upload an Excel with all this data to automatically populate the NeSL form)
Fill out the NeSL form for Registration Type ‘Bank Guarantees’. Enter the document details, Stamp details, and Invitee details in the form. (You can also upload an Excel with all this data to automatically populate the NeSL form)
Invitee receives the document in their SMS/email and accesses it after the Captcha test and entering the correct OTP.
Invitee receives the document in their SMS/email and accesses it after the Captcha test and entering the correct OTP.
The document gets stamped in the NeSL portal by the debtor (You can just stamp the Bank Guarantee using NeSL and then eSign using Leegality for fewer eSign error rates)
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The document gets stamped in the NeSL portal by the debtor (You can just stamp the Bank Guarantee using NeSL and then eSign using Leegality for fewer eSign error rates)
All the invitees complete their eSign (eSigning with Leegality has fewer errors). eSigned copy of the agreement and Secure Audit Trail is sent to their mobile and/or email.
All the invitees complete their eSign (eSigning with Leegality has fewer errors). eSigned copy of the agreement and Secure Audit Trail is sent to their mobile and/or email.
Here is a quick peek into the actual product.
Create the document, enter signer details, and enable NeSL eSign
Fill out the NeSL form for Registration Type ‘Bank Guarantees’. Enter the document details, Stamp details, and Invitee details in the form. (You can also upload an Excel with all this data to automatically populate the NeSL form)
Invitee receives the document in their SMS/email and accesses it after the Captcha test and entering the correct OTP.
The document gets stamped in the NeSL portal by the debtor (You can just stamp the Bank Guarantee using NeSL and then eSign using Leegality for fewer eSign error rates)
All the invitees complete their eSign (eSigning with Leegality has fewer errors). eSigned copy of the agreement and Secure Audit Trail is sent to their mobile and/or email.
Benefits of executing Bank Guarantees electronically with Leegality
- eStamp and eSign Bank Guarantees in a secure paperless way
- Reduce TAT from days to a few minutes for Bank Guarantees
- Low error rate with Leegality eSign flows
- Directly store the electronic Bank Guarantee in NeSL’s IU
With Leegality, Indian Banks and NBFCs can execute Bank Guarantees electronically - in a lightning fast, compliant way using NeSL.
To get started with NeSL eBG, all you need is an NeSL account - we will help you set that up. Write to us at enquiry@leegality.com or reach out to your Leegality Customer Success partner.