When writing a letter to the bank for bank guarantee cancellation, it's important to clearly state the request for cancellation, provide necessary details such as the reason for cancellation and relevant account information, and express authorization for any applicable charges. Politeness and clarity are key, and it's advisable to mention that additional documents may be required for the cancellation process.
Sample Letter to Bank Requesting Cancellation Of Guarantee
What is a Bank Guarantee?
Bank Guarantee is a kind of collateral or safety that a bank can sell in case of unsuccessful repayment of the loan amount. It gives the authority to use one’s security to recoup the amount.
- Letter to Bank Requesting Cancellation Of Guarantee
To,
The Branch Manager,
____________ (Bank Name),
____________ (Branch Address)
Date: __/__/____ (Date)
Subject- Cancellation Of Bank Guarantee
Respected Sir/Madam,
We request you to cancel bank guarantee in the name of _____________ (Name) reason being, ______________ (Not Required/ Wrongly Created / Expired- Any other reason). The following are details for your reference.
| Bank Guarantee Amount | |
| Bank Guarantee Currency | |
| Tenor | |
| Expiry Date | |
| Beneficiary Name | |
| Beneficiary Address |
I authorize the bank to debit Account Number: _________________ (Account Number) for any Commission/charges and margin money if applicable.
Yours Truly,
__________ (Signature)
__________ (Name),
__________ (Address),
__________ (Contact Number)
Note: Bank may ask for additional documents __________ (FD Bonds, Cancellation Declaration, Application form, Indemnity Letter, ID, Address Proof, Any other). Request you to kindly contact your Bank for Bank Guarantee Cancellation.
Live Editing Assistance
Live Preview
How to Download, Print, or Share Letter
Quickly download, print, copy, or share your letter using the built-in options.
Need help? See our Live Assistant Help Guide.
Incoming Search Terms:
- sample letter to bank requesting the cancellation of the guarantee
- bank guarantee cancellation letter format
Sandeep Bhandari