The issuing banks insist that the Bank Guarantees, after the expiry date, must be returned to the bank, by the beneficiaries, duly cancelled. But, most of the beneficiaries, prefer to retain them.
 (i) What is the possible rationale behind the aforesaid stance taken, (a) By the bank, and the (b) Usual response/reaction of the beneficiaries, to such request by the bank.
(ii) What sincere piece of advice will you like to give to the beneficiaries of the Bank Guarantees, who invariably prefer to retain all the expired Bank Guarantees, for quite some time, which keep getting piled up, over a period of time?
