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Advance Payment Guarantee (APG)

A guarantee issued in favour of a beneficiary against an advance payment received by the customer under a contract. It provides protection to the beneficiary in accordance with the terms of the guarantee.

As per prevailing Schedule of Charges and approved terms.

Eligible corporate customers with acceptable contracts and approved credit facilities.

Contract/work order, advance payment terms, beneficiary details, application and other documents required by the Bank.

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