Legal Drive

Bank Guarantee Format

Format:

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BANK GUARANTEE Issued by: [bank_name] In favour of: [beneficiary_name] On behalf of: [applicant_name] WHEREAS [applicant_name] has entered into an arrangement with [beneficiary_name] for [purpose], and [beneficiary_name] has required a guarantee for due performance of the said obligation. We, [bank_name], hereby guarantee payment to [beneficiary_name] of a sum not exceeding Rs. [guarantee_amount], on demand, in the event [applicant_name] fails to fulfil the said obligation. This guarantee shall remain valid until [validity_date], unless extended or invoked earlier in accordance with its terms. For [bank_name] Date: [issue_date]

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