SECI Invites Quotes from Banks for ₹120 Crore Callable Fixed Deposits
New Delhi: Solar Energy Corporation of India Limited (SECI), a Navratna CPSE under the Ministry of New and Renewable Energy, has invited quotations from eligible Scheduled Commercial Banks for investment of funds in callable Term/Fixed Deposits.
Key Details
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Amount: Up to ₹120 Crore
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Tenor: 8 days ± 1 day
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Nature: Callable Term/Fixed Deposits
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Location: Deposit to be placed through a bank branch in Delhi-NCR
SECI reserves the right to decide the quantum, tenor and number of tranches. The investment may be made in parts, and the company is not obliged to invest the entire amount.
Eligibility Criteria for Banks
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Minimum Net Worth of ₹5,000 Crore as on 30 June 2026
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Operational branch in Delhi-NCR
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Net NPA below 2% and Gross NPA below 5%
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Minimum Long-Term Domestic Credit Rating of AA- or above from a SEBI-registered Credit Rating Agency
Only one quotation per bank will be considered. In case of multiple quotes from the same bank, the higher rate of interest will be accepted. Banks are required to quote their best and unconditional rate of interest.
Source: Official invitation issued by Solar Energy Corporation of India Limited dated 3 September 2026.