Solar Energy Corporation of India Limited (SECI), a Navratna Government of India enterprise, has invited quotations from Scheduled Commercial Banks for investing ₹250 crore in fixed deposits. This step is part of its financial management strategy as a key Central Public Sector Undertaking (CPSU) supporting the country’s renewable energy growth.
As per the official document issued on April 13, 2026, the proposed investment will be for a short-term period of 45 days, with a flexibility of plus or minus one day. The tentative date for placing the deposits has been fixed as April 15, 2026. SECI has clearly mentioned that the deposits should be made only in bank branches located in the Delhi-NCR region.
To ensure better returns, SECI has stated that if a bank submits multiple quotations, only the offer with the highest interest rate will be considered. The corporation has also laid down strict eligibility criteria for banks to participate in the process. Banks must have a minimum net worth of ₹1 lakh crore as of December 31, 2025. In addition, they must maintain strong asset quality, with Net Non-Performing Assets (NPA) below 2% and Gross NPA below 5%. These conditions apply to both public and private sector banks.
Participating banks are required to provide their financial details based on their latest published results for the third quarter of FY 2025-26. This includes information on paid-up capital and capital adequacy, ensuring compliance with the norms set by the Reserve Bank of India.
A key condition set by SECI is that no penalty charges will be accepted for premature withdrawal of the fixed deposits. Banks must clearly mention in their quotation that no such charges will be levied.
The submission process is time-bound. Banks need to send their interest rate quotes in a password-protected PDF via email by 2:30 PM on April 15, 2026. The password must be shared at 2:40 PM on the same day through email or mobile contact.
SECI has stated that it will have full authority to decide the final amount and tenure of the deposits based on the quotations received.
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