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What is EMD (Earnest Money Deposit) by Mr. Nitin S.Jain, National Tenders in Hindi | Talk On Tenders

#EMD or Earnest Money Deposit - To ensure that a Bidder does not submit a Dummy Bid or back out at time of tender opening, Government Department collects a small refundable fee from each bidder, which is called EMD. EMD is always in form of a Demand Draft & cheques. Here in this video, you can get a brief idea on EMD (Earnest Money Deposit) and it's implications in Government Tenders, by founder of Nationaltenders.com - Mr. Nitin Jain.

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