Government of IndiaMinistry of Micro, Small and Medium Enterprises

Office of the Development Commissioner(Micro, Small and Medium Enterprises)

Budget Divison

*****

Nirman Bhawan, New Delhi

Subject: Instructions regarding use of SFMS for sending and receiving letter of Creditand Bank Guarantee instruments.

Please find enclosed herewith Ministry of MSME, Cash Section's Letter No. C-25/1/2016-V&C dated 16.03.2016 forwarding therewith a copy of Ministry of Finance'sletter No. 7/112/2011-BOA dated 08.03.2016 on the above mentioned subject forcompliance and necessary action please.

Encl: As above.

~(Bh~alra)

Dy. Director (Budget)Tel. No. 23063363

All ADCs/DDG/JDCs/AIl Directors/DDs/ADs - % DC (MSME)DC (MSME), U.O. No.10(8)/2015-Plg.

~CJcH~

Dated: 04.04.2016

,85989/2016/R&1 1/1

F. NO.7/112/2011-·BOAGovernment of IndiaMinistry of Finance

Department of Financial ServicesJeevan Deep Building

Parliament Street,New Delhi the 8th March, 2016

To,1. All Ministries I Departments of Central Government,2. All Chief Secretaries of States / Union Territories

Subject: Instructions to all Ministries / Departments regarding use of SFMS forsending and receiving Letter of Credit and Bank Guaranteeinstruments.

Madam / Sir,

I am directed to refer to the subject cited above and request your Ministry /

Department to give Name of the Beneficiary and his details, Beneficiary Branch

Indian Financial System Code (IFSC), Beneficiary Bank Branch Name and

address while giving their requirements for the' Bank Guarantee, so that the

issuing Bank Branch carpsend the IFN 760 COV Bank Guarantee Advice Message

to the Advising Bank Branch (Beneficiary Bank branch) through Structured

Financial Messaging System (SFMS), only after which the paper Bank Guaranteecould become operative.

. . Yours faithfully,

fjlD.(Ti4~

Under Secretary to the Government of IndiaTel. No. 23748750

Email: boa@nic.iniusboa-dfs@nic.in

Copy for information to:

1. The Chief General Manager, Department of Banking Regulation, CentralOffice, Mumbai.

2. The Chief Executive, Indian Banks' Association, Central Office, Mumbai.