Navratna CPSU Issues ₹450 Cr Term Fixed Deposit Tender for Banks – Submit by 23 Feb 2026

New Delhi, February 22, 2026: Solar Energy Corporation of India Limited (SECI), the premier Navratna Central Public Sector Undertaking (CPSU) under the Government of India, has issued an invitation for quotations from Scheduled Commercial Banks for investing a substantial sum of ₹450 crore in fixed deposits.

The move is part of SECI's treasury management operations to deploy surplus funds in secure investment instruments.

Investment Details

SECI plans to distribute the investment across two tenures:

The Corporation has clarified that it retains the right to decide the final quantum and period of fixed deposits based on the quotations received.

Eligibility Criteria for Banks

Only Scheduled Commercial Banks meeting the following stringent criteria are eligible to participate:

Financial Strength Requirements

• Public Sector Banks: Minimum net worth of ₹5,000 Crore as on 31st December 2025

• Private Sector Banks: Minimum net worth of ₹15,000 Crore as on 31st December 2025

Branch Location

• The bank must have a functional branch in the Delhi-NCR region where the deposit will be made.

Asset Quality (NPA Requirements)

• Net NPA: Must be below 2%

• Gross NPA: Must be below 5%

These NPA norms apply uniformly to both Public Sector and Private Banks.

Quotation Submission Process

SECI has outlined a secure two-step bidding process:

1. Deadline for Quotation Submission: Banks must submit their quotes in a password-protected PDF file via email by 12:15 PM on 23 February 2026.

2. Password Sharing: The password to open the PDF files will be shared at 12:30 PM on 23 February 2026, either through the same email trail or via phone call.

3. Contact Numbers for Password: 7980144155 / 8430234103

Key Conditions

• Each bank can submit only one quotation. In case multiple quotations are received from the same bank, the one with the higher rate of interest will be considered.

• Rates must be quoted separately for both the 45-day and 365-day tenures.

• The quoted interest rate must remain valid until 23 February 2026.

About SECI

Solar Energy Corporation of India Ltd. (SECI) is a Navratna CPSE under the administrative control of the Ministry of New and Renewable Energy (MNRE). It is the foremost CPSU dedicated to the growth and development of Renewable Energy (RE) capacity in India, playing a crucial role in implementing large-scale solar and renewable energy projects across the country.

Tender Reference: SECI/INV/Feb 2026/01
Date of Issue: 20/02/2026
Last Date for Submission: 23 February 2026 (12:15 PM)

For official communication, email: corporate@seci.co.in