Wednesday, 3 December 2014

Bank Guarantee Refund

Labour's Bank Guarantee Refund

How can I refund excess bank guarantee of cancelled employees?
Excess bank guarantee can be refunded through the following procedures:  
Bank Guarantee refund service available at Tas'heel Centre only.

Required Documents at Tas'heel Centre:
• Original e-Signature Card of the Authorized Signatory
• Labour Establishment Card copy
• Trade License copy

• Apply for refund through Tas'heel Centre.

• Track the application through www.mol.gov.ae for approval within a day. Once it is approved go to Tas'heel Centre to collect approval print.

• Take the print-out and submit to the concerned bank to receive the cheque.

NOTE: If your Company doesn't have bank account, you can request the bank to issue cheque in the name of your company sponsor.
Fees: Dh35 to be at Tas'heel Centre.
NOTE: Payment should be made through E-Dirham Card at Thas'heel Centre. You can Buy E-Dirham Card from any branch of National Bank of Abu Dhabi or from Aafaq Islamic Finance Company found at Thas'heel branches. Take your Emirates ID & Passport copy to for E-dirham Card.

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