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 

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
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.

Incoming Search Terms:

  • sample letter to bank requesting the cancellation of the guarantee
  • bank guarantee cancellation letter format

Leave a Reply