The Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Undertaking under the Ministry of New and Renewable Energy, has invited interest rate quotations from Scheduled Commercial Banks for the placement of fixed deposits worth up to Rs 200 crore. The invitation was issued on June 11, 2026, as part of SECI’s treasury management activities.
According to the official notice, SECI plans to invest the amount in callable Term Deposits or Fixed Deposits for a period of 365 days, with a variation of one day on either side. The organization has specified detailed eligibility conditions for banks interested in participating in the process.
To qualify, banks must have a minimum net worth of Rs 1 lakh crore as of March 31, 2026. They must also maintain a branch in the Delhi-NCR region, where the deposits will be placed. In addition, SECI has set asset quality requirements for both public and private sector banks. Eligible banks must have Net Non-Performing Assets (NPA) below 2 percent and Gross NPA below 5 percent.
Participating banks are required to submit these details on their official letterheads. They must also provide confirmation regarding their paid-up capital and compliance with Capital Adequacy norms prescribed by the Reserve Bank of India, based on their latest fourth-quarter financial results for FY 2025-26.
The quotation process has been divided into four deposit slabs: up to Rs 50 crore, Rs 51 crore to Rs 100 crore, Rs 101 crore to Rs 150 crore, and above Rs 150 crore. Each bank is allowed to submit only one quotation.
SECI has reserved the right to determine the final amount and tenure of the deposits and may place the investment in parts. The corporation has also clarified that it will not bear any penalty charges in case of premature withdrawal. Banks must submit their password-protected quotations by 3:15 PM on June 12, 2026.
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