SECI To Invest ₹250 Crores In Fixed Deposits With Scheduled Banks In Delhi-NCR

The Solar Energy Corporation of India Limited (SECI), a Navratna government enterprise focused on promoting renewable energy in India, has announced plans to invest ₹250 crores through fixed deposits. The investment will be placed exclusively with Scheduled Commercial Banks in the Delhi-NCR region on November 21, 2025. SECI has specified a preferred tenure of 45 days for the fixed deposits, with a flexibility of plus or minus one day. The company retains the right to finalize the exact amount and duration of the investment.

Banks interested in participating are allowed to submit only one quotation each. In cases where multiple quotations are submitted by a bank, only the quote offering the highest rate of interest will be considered. The process for submitting quotations is highly structured. Banks must send their interest rate proposals in a password-protected PDF file via email, with a submission deadline of 2:00 PM on the investment date. The password to open the file must be shared exactly 30 minutes later, at 2:30 PM, either through a trail email or over a phone call.

SECI has set strict financial and technical criteria for participating banks. Public Sector Banks must have a minimum net worth of ₹5,000 crores as of September 30, 2025, while Private Sector Banks are required to maintain a net worth of at least ₹15,000 crores. Additionally, all banks must demonstrate strong asset quality, with Net Non-Performing Assets (NPA) below 2% and Gross NPA under 5%. Banks must also provide details on their latest paid-up capital, capital adequacy, and overall net worth, confirming compliance with RBI guidelines based on their Q2 FY 25-26 published financial results.

A key condition of SECI’s investment is the pre-maturity clause. The company will not accept any penalty charges if it needs to liquidate the fixed deposits before maturity. Banks are required to explicitly confirm in their quotations that “No Penalty Charges will be levied on Pre-Maturity of Investment.” SECI also allows the total investment to be placed in multiple parts, offering flexibility in deployment.

This move by SECI highlights its strategy to efficiently manage surplus funds while maintaining flexibility in investment. The structured and competitive approach ensures transparency and compliance, while stringent eligibility criteria guarantee that only financially strong and reliable banks participate. By inviting quotations under these carefully designed rules, SECI aims to maximize returns on its investment while supporting its operational and strategic objectives in the renewable energy sector.