NMC directs Medical Colleges to furnish Bank Guarantees on Structural Financial Messaging System Platform


The National Medical Commission (NMC) has directed that medical colleges shall furnish bank guarantees solely on Structural Financial Messaging System Platform (SFMS) Platform. A notice to this effect was issued on 16th March, 2023 and has come into immediate effect.

Henceforth, ordinarily, a physical bank guarantee will not be accepted. Only in exceptional circumstances, will a bank guarantee not generated through SFMS Platform be accepted.

Additionally, revised formats for Bank Guarantee Message and Bank Guarantee Amendment Message shall be used mandatorily while sending Inland Bank Guarantee.

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