SECI Plans ₹100 Crore Fixed Deposit Investment, Invites Interest Rate Quotes From Banks

Solar Energy Corporation of India Limited has announced plans to invest up to ₹100 crore in fixed deposits as part of its financial management strategy. The organization issued a formal document on March 13, 2026, inviting quotations from banks for callable term deposits. The move reflects SECI’s approach to managing surplus funds while continuing its role in supporting renewable energy development across India.

According to the document, SECI is seeking interest rate quotations specifically from Public Sector Banks for deposits with a tenure of approximately 365 days. The tentative date of investment has been mentioned as March 13, 2026. The corporation has introduced strict eligibility criteria to ensure financial security and reliability from participating banks.

Banks interested in participating must meet defined financial requirements. Public Sector Banks must have a minimum net worth of at least ₹5,000 crore, while Private Sector Banks must maintain a net worth of at least ₹15,000 crore as of December 31, 2025. In addition to strong financial standing, banks must also demonstrate healthy asset quality. SECI has specified that participating banks must maintain Net Non-Performing Assets below 2 percent and Gross Non-Performing Assets below 5 percent.

The process for submitting quotations has also been clearly outlined. Banks are required to submit their interest rate quotations through a password-protected PDF file via email. The deadline for submitting the quotation was fixed at 4:00 PM on the same day the document was issued. Participating banks were asked to share the password for the PDF shortly afterward at 4:15 PM.

SECI has clarified that only one quotation from each bank will be accepted. In cases where multiple quotations are received from the same bank, the proposal offering the highest interest rate will be considered.

Another important condition in the investment terms is related to liquidity flexibility. SECI has stated that it will not bear any penalty charges in case the deposit is withdrawn before maturity. Banks must clearly confirm this “no penalty” clause while submitting their quotations.

The corporation has also mentioned that it retains the right to determine the final amount and the exact duration of the deposits. The investment may also be made in multiple parts if required. The deposits are expected to be placed with bank branches located in the Delhi-NCR region.

This financial decision highlights SECI’s structured approach to managing funds while continuing to support the broader goal of promoting clean energy development in the country.