Solar Energy Corporation of India Limited(SECI), A Government of India Enterprise, Under Ministry of New and Renewable Energy

To,

All Scheduled Commercial Public Sector Banks

Sub: SECI invites quotation for Investment of Rs. 100 cr. in Fixed Deposits

Quotations are invited from Scheduled Commercial Public Sector Banks only for investments of Rs 100 crore in fixed deposits. Deposit will be made in branches located in Delhi. One quotation from one bank will be considered. In case of more than one quotation received, the quotation with higher rate of interest shall be considered. The rate of interest for 6 months/one/two/three & above years may be quoted. SECI has the right to decide Quantum & Period of fixed deposit.

a) The minimum net-worth of the banks should be at least Rs. 1000 crore as on 31.03.2024.

b) The bank should have branch in Delhi.

A) Card rates offered for fixed deposits.

B) Paid up capital of Bank as reflected in latest Annual Report Published and whether fulfilling the norms as prescribed by RBI guidelines.

C) Capital Adequacy of the Bank as reflected in latest Annual Report Published and whether fulfilling the norms as prescribed by RBI Guidelines.

D) Net Worth of the Bank

It is informed that SECI will not bear any Penalty Charges in case of Pre-Maturity of investment and the rates may be quoted unconditionally. It may also specifically be mentioned in the quotation that “No Penalty Charges will be levied on Pre-Maturity of Investment”. No minimum time frame will be accepted for keeping the investment. Investment can be made in parts also.

Banks are requested to send their latest competitive rates of interest latest by 13.05.2024 (upto 11:00 am) having bid validity upto 13.05.2024 and e-mail at following ID’s