SECI Invites Quotations from Banks for ₹100 Crore Fixed Deposit Investment
SECI has invited Scheduled Commercial Banks to submit interest rates for a ₹100 crore fixed deposit investment. Banks must meet strict financial criteria and NPA limits.
The Solar Energy Corporation of India Ltd (SECI), a Navratna Government of India enterprise and the country’s leading public sector organization dedicated to renewable energy expansion, has invited quotations from Scheduled Commercial Banks for a ₹100 crore fixed (callable) deposit investment. The investment is scheduled to be made on December 5, 2025, in a bank branch located within the Delhi-NCR region.
According to the notification issued on December 4, 2025, SECI will consider only one quotation per bank, and in case multiple quotations are received, the highest interest rate will be selected. The corporation also reserves the right to finalize the investment amount and the deposit period. Banks have been asked to quote interest rates for a 45-day tenure (±1 day).
To ensure strong financial credibility, SECI has outlined strict eligibility criteria. Public sector banks must have a minimum net worth of ₹5,000 crore, whereas private sector banks must have at least ₹15,000 crore as of September 30, 2025. Additionally, the bank must have an operational branch in Delhi-NCR. The NPA norms require that Net NPA be below 2% and Gross NPA below 5%, which applies to both public and private banks. The quoted interest rate must remain valid until December 5, 2025.
Banks are required to submit their quoted rates in a password-protected PDF via email by 2:00 PM tomorrow. The password for the document should be shared at 2:30 PM either through the same email trail or via phone call. Along with the quotation, banks must submit key financial details from their Q2 FY 2025-26 results—including paid-up capital, capital adequacy, net worth, and updated NPA levels—on their official letterhead with an authorised stamp.
SECI also clarified that it will not bear any penalty charges in the event of pre-maturity withdrawal of the fixed deposit. Therefore, all interest rate quotations must be unconditional, explicitly stating that "No Penalty Charges will be levied on Pre-Maturity of Investment." The corporation further added that there will be no minimum lock-in period, and the investment may be split into multiple parts if required.
This move indicates SECI’s proactive approach to financial planning and fund optimisation as it continues to lead India’s renewable energy initiatives. With the corporation’s strong financial standing and strategic importance, the investment proposal is expected to attract significant interest from eligible banks.