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Performance Guarantee (PG)

A guarantee issued in favour of a beneficiary to secure the customer's contractual performance under a contract, work order or project. It provides assurance to the beneficiary regarding fulfilment of the customer's contractual obligations.

As per prevailing Schedule of Charges and approved terms.

Eligible SME customers with acceptable contracts/work orders and satisfactory credit standing.

Contract/work order, beneficiary details, application, financial statements, trade license and other relevant documents.

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