Writing an effective letter to request a bank guarantee involves clear and polite communication. Ensure you provide all necessary details such as beneficiary name and address, currency, amount, and purpose of the guarantee. Remember to include authorization for any charges and margin money. Avoid common pitfalls like unclear language or omitting important information.
Request Letter To Bank For Bank Guarantee
To,
The Branch Manager,
____________ (Bank Name),
____________ (Branch Address)
Date: __/__/____ (Date)
Subject- Bank Guarantee Issuance
Respected Sir/Madam,
We request you to issue a bank guarantee in name of _____________ (Name). The following are details for your reference.
Beneficiary Name: _________________ (Beneficiary Name)
Beneficiary Address: _________________ (Beneficiary Address)
Bank Guarantee Currency: _________________ (Currency)
Amount of Bank Guarantee: _________________ (Amount)
Tenor: _________________ (Tenor)
Date of Expiry: _________________ (Expiry)
Claim Date/Period: _________________ (Period of claim)
The purpose of the following is ________________ (Advance Payment/ Performance/ Bid Bond/ Warranty Construction/ Work Counter Guarantee/ Surety Bond/ Shipping Guarantee/ Security Bond/ any other)
We authorize the bank to debit Account Number: _________________ (Account Number) for any Commission/charges and margin money if applicable.
Declaration: ___________ (Mention if any)
Yours Truly,
_______________ (Signature With Stamp),
_______________ (Name)
Note: Bank may ask for additional documents __________ (IF Applicable – FD Bonds, Application form, Letter, Security/Any other, ID, Address Proof). Request you to kindly contact your Bank for Bank Guarantee Issuance.
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Sandeep Bhandari