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19_AnnexuresAPPENDIXA PERFORM OF BANK GUARANTEE FOR BID SECURITY (Bank Guarantee in lieu of Bid security on nonjudicial Stamp Paper of Rajasthan State of 0.25% of the B. G value or Rs. 25,000/, whichever
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How to fill out form of bank guarantee

01
Obtain the bank guarantee form from the bank where you are applying for the guarantee.
02
Fill in the applicant's details such as name, address, contact information, etc.
03
Specify the beneficiary of the guarantee, including their name, address, and any other required details.
04
Enter the amount of the guarantee and the duration for which it is valid.
05
Sign and date the form as per the instructions provided by the bank.
06
Submit the completed form along with any required documents to the bank for processing.

Who needs form of bank guarantee?

01
Businesses applying for contracts that require a financial guarantee.
02
Individuals seeking to secure a loan or other financial transaction.
03
Importers and exporters needing to show proof of financial capacity.
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A form of bank guarantee is a financial instrument provided by a bank on behalf of a customer that ensures payment to a beneficiary in the event the customer defaults on a contract or agreement.
The party entering into a contract or agreement that requires a bank guarantee is typically required to file the form of bank guarantee.
To fill out a form of bank guarantee, the party must provide information such as the amount of the guarantee, beneficiary details, expiration date, and any specific requirements outlined in the contract.
The purpose of a form of bank guarantee is to ensure payment to a beneficiary if the customer fails to meet their obligations under a contract or agreement.
The form of bank guarantee must include details such as the amount of the guarantee, beneficiary information, expiration date, and any specific terms outlined in the contract.
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