Hello Rushi,

According to the institute circular the bank guarantee is given for 4 years of the MBBS course.

That is if you have enrolled in 2022-23 academic year the bank gaurantee would be upto 2026.

Also,all claims should be received by the Bank on or before within three months from the said date specified for that year.

For details about the bank gaurantee please check the doc link below:

http://mams.org.in/documents/Bank%20Guarantee%20format%20C%20Cat%20(4yrs)%202020-2021.pdf

Hope that helps you

Best Wishes