SECI To Invest ₹1,050 Crore In Fixed Deposits Through Scheduled Commercial 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 Rs 1,050 crore in fixed deposits. The move is part of the company’s financial management strategy as it continues to support renewable energy development across the country. SECI will place the funds in callable term deposits with Scheduled Commercial Banks.

According to an official notification dated February 23, 2026, the total investment will be divided into two parts based on tenure. An amount of Rs 250 crore will be invested for a short period of 45 days. The remaining Rs 800 crore will be placed for a longer duration of 365 days. The date of investment has been fixed as February 24, 2026.

SECI has laid down strict technical and financial eligibility criteria for banks that wish to participate in the bidding process. Interested banks must have a minimum net worth of at least Rs 1 lakh crore as of December 31, 2025. They must also have a branch located in the Delhi-NCR region where the deposits will be maintained. In addition, banks must have a Net Non-Performing Asset ratio below 2 percent and a Gross NPA ratio below 5 percent. These conditions apply to both public and private sector banks.

Banks are required to submit only one quotation, clearly mentioning separate interest rates for each tenure. The quotation must be sent in a password-protected PDF file via email by 3:15 PM on February 24, 2026. The password must be shared later at 3:30 PM through email or phone to maintain transparency.

SECI has also made it clear that no penalty charges will be accepted for premature withdrawal of the deposits. The company reserves the right to decide the final amount and tenure and may invest the funds in parts if needed.