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Bank Guarantee format download. Guarantee by bank sample format. For Performance Guarantee, Bid Bond Guarantee, Financial Guarantee, Advance Payment Guarantee, Foreign Bank Guarantee and Deferred Payment Guarantee

What is the format of Bank Guarantee? What are the type of Bank Guarantees? Sample format of Bank Guarantee is given below. Please make necessary modification. This is only a draft format.



Draft format of Bank Guarantee

We___________________________ issue in favour of  __________________ hereinafter called as 'We the Bank' __________ do hereby undertake to pay Rs__________________against loss or damage caused to or suffered by the said by reason of any breach by ____________________

We the Bank do hereby undertake to pay the amounts due and payable under this guarantee without any demur, merely on demand however, our liability under this guarantee shall be restricted to an amount not exceeding Rs.__________________.

We the Bank further agree that the guarantee herein contained shall remain in full force and effect till released by the said Authority. We the Bank lastly undertake not to revoke this guarantee during its currency except with pervious consent of the Authority in writing.

Notwithstanding anything contained herein before, our liability under his guarantee is restricted to Rs.__________________Only and our guarantee should remain in full force until and unless a suit or an action in writing under the guarantee is filed against us on and after this date all rights under the said guarantee shall be forfeited and we shall be released and discharged from liabilities there under.

Dated _________ at __________________ For Bank

Notwithstanding anything contained herein before

1. Our liability under this Bank guarantee shall not exceed Rs.___________ (Rupees ______________)

2. This bank Guarantee shall be valid upto ___________

3. We are liable to pay the guarantee amount or any part thereof under this Bank Guarantee only and only. If ______ serve upon us a written claim or demand on or before _______.

4. All claims under this guarantee shall be payable at ________.

5. This Guarantee will be returned to us as soon as the purpose for which its is issued is fulfilled.

6. The Bank Guarantee confirmation No.__________ is an integral part of the Bank Guarantee No._______________________________

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