ISRO · VSSC · URSC · SHAR · SAC · Space Infrastructure

ISRO surety bond — for India's space infrastructure contracts.

The Indian Space Research Organisation procures civil works, supply and specialised consultancy for its launch range at Sriharikota, satellite centres at Bengaluru and Ahmedabad, propulsion facilities and ground stations across India. Bid security, performance security and mobilisation advance can run as insurance surety bonds under the GFR 2023 amendment.

Get an ISRO bond quote → All obligees
Premium
0.50–1.20% p.a.
Bond capacity
Up to ₹500 cr / bond
Quote SLA
4 working hours
— 01 — BOND TYPES

ISRO bonds, by contract type.

ISRO contracts use three security instruments. All can be issued as insurance surety bonds.

% of est. cost
2%

Bid bond (EMD)

Submitted with the tender. Replaces cash EMD. Tenure 6–9 months covering bid validity.

Read the bid bond guide →
% of contract
5–10%

Performance bond

Post-award. Covers construction and defect-liability period. Tenure typically 24–36 months.

Read the performance bond guide →
% of contract
10–25%

Mobilisation advance bond

For larger civil works at ISRO centres. Mobilisation advance can be higher than typical infra contracts.

Read the advance bond guide →
% of RA bills
5–10%

Security deposit / retention

Deducted from RA bills or held against final bill. Can be released against a surety bond.

Read the retention bond guide →
— 02 — ACCEPTANCE

ISRO-specific acceptance facts.

How insurance surety bonds are applied across ISRO's procurement centres.

ISRO centres

Sriharikota launch range, VSSC Thiruvananthapuram, U R Rao Satellite Centre Bengaluru, SAC Ahmedabad, LPSC Mahendragiri, IPRC Thiruvananthapuram.

Contract categories

Launchpad civil works, ground station EPC, propulsion test facilities, antenna farm construction, satellite integration buildings, support infrastructure.

Bond format

Each ISRO centre uses its own bond format aligned to GFR. Rakshati maintains the current format library across all centres.

Insurer panel

All 15 IRDAI-licensed surety insurers can issue ISRO bonds. Rakshati routes your file across the panel so they compete on rate.

— 03 — FAQs

ISRO surety bond questions.

Five common questions for contractors bidding on ISRO work.

Does ISRO accept insurance surety bonds?
Yes. ISRO accepts insurance surety bonds in lieu of bank guarantees on civil works, supply and consultancy contracts at its centres — Sriharikota launch range, VSSC Thiruvananthapuram, U R Rao Satellite Centre Bengaluru, SAC Ahmedabad and other ISRO units. Acceptance is grounded in the GFR 2023 amendment.
Which ISRO contract types accept surety bonds?
Launchpad and ground infrastructure construction, ground station EPC, satellite component supply, mechanical and electrical packages, civil works at ISRO centres, and specialised consultancy.
What is the typical ISRO bond format?
ISRO uses central-government standard bond formats payable on first demand to the ISRO centre director. Format varies slightly across centres but follows the central PSU pattern set by GFR 2023.
How much does an ISRO surety bond cost?
Premium is typically 0.50% to 1.20% of bond face value per year. Final premium depends on bond tenure and contractor grade.
How fast can I get an ISRO surety bond?
Indicative quote in 4 hours. Underwriting decision in 24–48 hours. Bond document delivered to the ISRO centre in 2–5 working days.

Your next ISRO bond, routed across the panel.

Tell us the contract — launchpad, ground station, satellite component, or civil works. Four working hours later you have an indicative rate band and the document checklist.

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