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Guarantee for One Customer by One Surety is a free, ready-to-use Banking and finance template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
Reach for this Banking and finance template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with India in mind, though you should always review the final wording against the laws that apply to you.
A well-drafted Banking and finance usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.
Updated 15 July 2026
A continuing guarantee given by a single surety to a bank in respect of a single customer's account in India. The surety agrees to pay the bank, up to a stated maximum plus interest, all moneys and liabilities the customer owes on any account, together with interest and banking charges. It is a continuing guarantee terminable on three months' written notice, preserves the bank's freedom to grant the customer time or indulgence and to deal with other securities without discharging the surety, allows the bank to prove for its full claim in the customer's insolvency, and binds the surety's estate. Governed by the guarantee provisions of the Indian Contract Act, 1872