EPBG and EMD serve different functions in GeM procurement workflows. While EMD ensures bid seriousness, EPBG secures post-award performance. EPBG replaces large cash deposits with digital bank guarantees, improving liquidity for sellers and strengthening risk coverage for buyers. This structure aligns GeM procurement with modern financial compliance standards. For vendors, understandi... https://tender18.com/blog-details/What-is-EPBG-in-GeM