SECI To Invest ₹450 Crore Surplus In Fixed Deposits With Scheduled Banks

The Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Undertaking under the Government of India, has announced plans to invest a surplus amount of ₹450 crore in fixed deposits. The decision was issued and is aimed at placing funds with Scheduled Commercial Banks offering competitive interest rates for callable deposits.

According to the notification, the total investment will be divided into two parts based on tenure. An amount of ₹150 crore will be deposited for a short-term period of 45 days, with a flexibility of plus or minus one day. The remaining ₹300 crore will be invested for a longer duration of 365 days. SECI has stated that the proposed date of investment is February 23, 2026. Banks participating in the bidding process must ensure that their quoted interest rates remain valid up to this date.

SECI has set clear eligibility criteria for banks. As of December 31, 2025, public sector banks must have a minimum net worth of ₹5,000 crore. Private sector banks are required to maintain a minimum net worth of ₹15,000 crore. In addition, all participating banks must have sound asset quality, with Net Non-Performing Assets below 2 percent and Gross NPA below 5 percent. The corporation has also made it mandatory for the quoting bank to have a functional branch in the Delhi-NCR region.

The submission process has been structured to maintain transparency. Interested banks must submit their quotations through email in a password-protected PDF file by 12:15 PM on February 23, 2026. The passwords for the files must be shared at 12:30 PM on the same day, either through the same email thread or via designated mobile contacts.

SECI has clearly mentioned a “No Penalty” clause as a key condition of the investment. The corporation will not bear any penalty charges in case of pre-maturity withdrawal of the deposits, and banks must confirm this condition without any qualification. SECI has also reserved the right to invest the funds in parts and to change the final amount or tenure of the deposits as required.