SECI Plans ₹231 Crore Investment In Fixed Deposits With Flexible Withdrawal Terms

The Solar Energy Corporation of India Limited (SECI), a Navratna public sector enterprise under the Ministry of New and Renewable Energy, has announced plans to invest a significant surplus amount in fixed deposits. As per an official communication dated March 27, 2026, the company intends to park up to ₹231 crore in callable term deposits with scheduled commercial banks.

The proposed investment will be carried out in two separate tranches. The first tranche, amounting to up to ₹109 crore, is scheduled for March 30, 2026. The second tranche, with a value of up to ₹122 crore, will be invested on March 31, 2026. For both tranches, SECI is seeking a deposit tenure of 365 days, with a slight flexibility of one day on either side.

To execute this plan, SECI has invited quotations from scheduled commercial banks that have branches in the Delhi-NCR region. The corporation has set clear eligibility criteria to ensure financial safety and reliability. Public sector banks must have a minimum net worth of ₹5,000 crore, while private sector banks are required to maintain a higher threshold of at least ₹15,000 crore as of December 31, 2025. In addition, banks must meet asset quality standards, including a Net Non-Performing Asset (NPA) level below 2 percent and a Gross NPA below 5 percent.

The bidding process has been designed with strict timelines and transparency measures. Interested banks must submit their interest rate quotations in a password-protected PDF format via email by 3:00 PM on March 30, 2026. The passwords for these submissions are to be shared separately at 3:15 PM through email or direct communication with SECI’s finance officials.

SECI has also emphasized the importance of liquidity in this investment. Banks must agree not to impose any penalty charges in case of premature withdrawal of deposits. They are required to provide unconditional rate quotes along with a declaration confirming zero penalties on early withdrawal.

The corporation has retained the right to finalize the amount and duration of deposits. It also indicated that the total investment may be split into multiple parts instead of being placed as a single deposit, depending on operational requirements.