SECI invites quotation for Investment of Rs. 150 cr. (In multiple of Rs 50 Crs or more) in Fixed Deposits (Callable)
06-June-2024
To,
All Scheduled Commercial Banks
Sub: SECI invites quotation for Investment of Rs. 150 cr. (In multiple of Rs 50 Crs or more) in Fixed Deposits (Callable).
- Quotations are invited from Scheduled Commercial Banks only for investments 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 1 year and above may be quoted. SECI has the right to decide Quantum & Period of fixed deposit.
|
S.No.
|
Banks
|
Amount
|
Date of Deposit
|
|
1.
|
All Scheduled Commercial Banks (Public Sector Bank)
|
Maximum up to Rs. 150 cr.
|
10-06-2024
|
|
2.
|
All Scheduled Commercial Banks
|
Maximum up to Rs. 100 cr.
|
10-06-2024
|
- Technical Conditions:
Public Sector Bank:
a) The minimum net-worth of the banks should be at least Rs. 5000 crore as on 31.03.2024.
b) The bank should have branch in Delhi.
Private Sector Bank:
a) The minimum net-worth of the banks should be at least Rs. 10,000 crore as on 31.03.2024.
b) The bank should have branch in Delhi.
- Following must be mentioned & confirmed in your reply.
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 as per below details:
|
S.No.
|
Banks
|
Amount
|
Date of Deposit
|
Last Date and Time of bid submission
|
|
1.
|
All Scheduled Commercial Banks (Public Sector Bank)
|
Maximum up to Rs. 150 cr.
|
10-06-2024
|
10-06-2024
(11:00 am)
|
|
2.
|
All Scheduled Commercial Banks
|
Maximum up to Rs. 100 cr.
|
10-06-2024
|
10-06-2024
(11:00 am)
|
- Quotation may be sent through E-mail at following ID’s
-
- shaileshgupta@seci.co.in
- saurabh@seci.co.in
- singhal.mohit@seci.co.in
- souvik.roy167@seci.co.in