New Delhi: The Solar Energy Corporation of India Ltd (SECI), a Navratna public sector enterprise and a leading organization in India’s renewable energy sector, has invited Scheduled Commercial Banks to submit interest rate quotations for a ₹100 crore fixed (callable) deposit investment.
The investment is scheduled for December 5, 2025, at a bank branch located within the Delhi-NCR region.
Quotation and Selection Process
According to SECI’s notification issued on December 4, 2025, banks can submit only one quotation each, and in the case of multiple submissions from a single bank, the highest interest rate will be considered. SECI also reserves the right to finalize the investment amount and deposit period. Banks are asked to quote interest rates for a 45-day tenure (±1 day).
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Quotations must be submitted in a password-protected PDF via email by 2:00 PM on December 5, 2025, with the password shared later at 2:30 PM through the same email thread or a phone call.
Strict Eligibility and Financial Criteria
To ensure credibility, SECI has outlined stringent eligibility norms –
- Public sector banks: Minimum net worth of ₹5,000 crore
- Private sector banks: Minimum net worth of ₹15,000 crore (as of September 30, 2025)
- NPA Norms: Net NPA below 2% and Gross NPA below 5%
- Must have an operational branch in Delhi-NCR
Banks are required to submit key financial details from Q2 FY 2025-26 results—including paid-up capital, capital adequacy, net worth, and updated NPA levels—on their official letterhead with an authorized stamp.
Terms of Investment
SECI emphasized that no penalty charges will be levied on pre-maturity withdrawal. All quotations must explicitly state this condition. There is no minimum lock-in period, and the investment can be split into multiple parts if necessary.
About SECI
Solar Energy Corporation of India Limited (SECI) is a premier Government of India enterprise and a Navratna CPSU under the Ministry of New and Renewable Energy. SECI is responsible for implementing and facilitating renewable energy projects across the country, including solar, wind, hybrid and energy storage initiatives. With a focus on innovation, policy implementation and large-scale project development, SECI plays a pivotal role in accelerating India’s transition toward sustainable and clean energy.
