BG locks up
₹1.25 cr
● For Contractors
Stop waiting
Stop waiting
three weeks for
a single quote.
One file. One scorecard. Up to 15 panel insurers see the same RFQ at once — and they compete on rate, instead of you chasing them one at a time.
Time to bind · the model
The old way vs. Rakshati.
Single insurer
~3 wks
Panel, in parallel
Faster
The old way means emailing insurers one at a time. Rakshati routes one file across the panel in parallel — so quotes come back together, not in sequence. Actual timing varies with underwriting.
— SECTION 01 — REPLACE YOUR BG
Still posting a bank guarantee?
A BG locks up 100% of the face value as margin or against your cash-credit limit — working capital that can't fund your next bid. A surety bond does the same job for a fraction in annual premium, and it doesn't touch your borrowing limit. Move the slider to see what you'd free up.
Free your limit. Keep the bid.
What a surety bond gives you that a bank guarantee never could:
- ✓Off your CC limit. A BG eats into your cash-credit / fund-based limit. A surety bond sits entirely outside it — your borrowing headroom stays free for the project.
- ✓No 100% margin. Banks often want 10–100% cash margin against a BG. Surety needs none — you pay only the annual premium.
- ✓Accepted on government tenders. Recognised under the 2023 GFR amendment — NHAI, NHIT, railways, and state PWDs accept surety in lieu of BGs.
- ✓One file, all 15 insurers. Same Rakshati workspace, no separate bank relationship to negotiate per bond.
Working-capital freed
LIVE EST.
Bond / BG face value₹5.00 cr
₹50 L₹10 cr₹20 cr₹30 cr
Bank margin held on the BG25%
10%40%70%100%
Surety premium / yr
You free up ₹1.25 cr of working capital and keep your CC limit intact — for an annual premium of about ₹4.75 L on a Grade B profile.
— SECTION 02 — THE COMPARISON
Same risk.
Different week.
What's actually different about going through Rakshati vs. running a placement yourself or through a generalist intermediary. Honest comparison; we lose on one column.
The old way · single-insurer
You email one insurer at a time.
- Email the contact, attach a 14-page PDF, hope they read it
- Wait 7–14 days for a quote, longer to negotiate
- If they decline, restart with the next insurer · serial process
- No standardised file — each insurer asks for different docs
- Commission opaque · folded into the rate · you can't see it
- Audit trail = your inbox · good luck handing that to the CFO
Route
Serial
Insurers seen
1–2
Audit
Inbox
Rakshati · panel-wide
All 15 insurers see your file the same morning.
- One standardised KYC + financial pack, used across the panel
- RFQ broadcast goes out in a single click · same file, all 14
- Quotes come back together · compare side-by-side
- Underwriting scorecard you can see — and improve
- Commission explicit · published rate cards · we publish it
- Immutable audit trail · hand it to your CFO without editing
Route
Parallel
Insurers seen
14
Audit
Logged
— SECTION 03 — THE SCORECARD
Underwriting,
shown to you.
Every contractor on Rakshati gets a scorecard. Five sub-scores, weighted into a 100-point grade. We show you exactly what's driving the grade — so you can fix the things that matter before the next placement.
Coromandel Infra Pvt Ltd
B
Financial strength
26/35
Track record
18/25
Project risk
16/20
WIP / capacity
8/10
Compliance
4/10
Total · 72/100 · indicative rate
0.85–1.15% p.a.
Five dimensions, no surprises.
Your grade is computed live the moment we finish parsing your audited financials. It's the same grade every insurer on our panel sees — you can't tell one a different story.
- Financial strength — net worth, leverage, current ratio, working capital cycle
- Track record — bonds posted, claims history, performance on past contracts
- Project risk — type, tenure, obligee credit, location complexity
- WIP / capacity — orderbook ratio, ongoing project load, free capacity
- Compliance — GST, ITR, regulatory clean record, KYC freshness
— SECTION 04 — THE WORKFLOW
From signup to bind,
in four steps.
You'll spend 90 minutes on onboarding. Then it's our job to bring you quotes.
01
Sign up · 15 min
Day 0
Email and OTP. We provision a workspace under your company. No card needed for the first 30 days.
02
Upload your file
Day 1 · 60 min
PAN, GST, MOA/AOA, board resolution, audited Y-1/Y-2. We auto-extract 80% of the underwriting fields.
03
Get your scorecard
Day 3
Indicative grade and rate range. Your underwriting RM walks you through anything that's flagged.
04
Request a bond
Day 4–6
Tell us the obligee, tender, amount. RFQ goes to all 15 insurers. Bound within 48–72h of quote acceptance.
— SECTION 05 — THE PRICE
You pay nothing.
The insurer pays us on bind.
We're paid a transparent commission by the insurer when your bond binds. The full rate card is below. You always know what we make on your bond.
| Bond size | Commission to Rakshati | Premium (range) | What you pay Rakshati |
|---|---|---|---|
| Up to ₹2 cr | 12.5% of premium | 0.95–1.40% p.a. of face | ₹0 |
| ₹2–5 cr | 12.5% of premium | 0.85–1.20% p.a. of face | ₹0 |
| ₹5–25 cr | 10.0% of premium | 0.75–1.10% p.a. of face | ₹0 |
| Above ₹25 cr | 7.5% of premium | 0.65–0.95% p.a. of face | ₹0 |
Commission is paid by the insurer. Premium ranges indicative only · final rate depends on full underwriting. Excludes stamp duty (0.005% of face) and one-time admin charges (₹2,500/bond).
One standardised file. Every surety insurer on the panel. One competitive quote — instead of chasing insurers one at a time. That's the whole idea behind Rakshati.
— PLACE A BOND —
Tell us your
next tender.
We'll come back within four working hours with an indicative rate, panel availability, and the documents we'll need. Submitting the form provisions your contractor workspace — no separate signup.