SECI Invites Banks for Fixed Deposit Investment of Up to ₹55 Crore
New Delhi: Solar Energy Corporation of India Limited (SECI), a Navratna CPSU under the Government of India and a leader in renewable energy development, has invited quotations from scheduled commercial banks for investments in term/fixed deposits of up to ₹55 crore.
The deposits will be placed in Delhi-NCR branches, and SECI will consider only one quotation per bank. In case multiple banks submit bids, the quotation offering the highest interest rate will be preferred.
Key Details of the Investment
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Tenure: 365 days (±1 day)
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Amount: Up to ₹55 crore
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Interest Rate: To be quoted separately for the above tenure
SECI reserves the right to decide the quantum and period of the deposit. The investment date is 26th February 2026.
Technical Conditions for Banks
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Minimum Net-Worth: ₹1 lakh crore as of 31st December 2025
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Branch Requirement: Must have a branch in Delhi-NCR
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NPA Limits: Net NPA below 2% and Gross NPA below 5% for both public and private banks
Submission Instructions
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The quoted interest rate must be valid until 26th February 2026
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Quotations for callable deposits must be submitted in a password-protected PDF via email by 4:00 PM on 26th February 2026
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The password will be shared at 4:15 PM via email or phone (Mob: 7980144155 / 843023410)
This investment initiative reflects SECI’s prudent treasury management and commitment to optimizing returns for its growing portfolio in renewable energy infrastructure across India.