Performance Bank Guarantee Template for India

1. Claim Period: Additional period after expiry during which claims can be made, included when required by the beneficiary

2. Partial Claims: Provisions for making multiple partial claims, included when the guarantee may be invoked in parts

3. Auto-Extension: Mechanism for automatic extension of the guarantee period, used in long-term projects

4. Counter-Guarantee: Terms of counter-guarantee from the principal, included when required by the bank

5. Force Majeure: Provisions for extraordinary events, included in high-value or international guarantees

6. Amendment Procedures: Process for modifying guarantee terms, included in complex or long-term guarantees

1. Schedule 1 - Form of Demand: Prescribed format for making a demand under the guarantee

2. Schedule 2 - Underlying Contract Details: Key details of the contract being guaranteed including project specifics

3. Schedule 3 - Supporting Documents: List of documents required to be submitted with guarantee invocation

4. Appendix A - Bank's Internal Approval: Bank's internal sanctions and approvals (for bank's records)

5. Appendix B - Principal's Counter-Indemnity: Indemnity provided by the principal to the bank