KVS : Investment under EWS

KVS : Investment under EWS
F.110232(INV(/2023/KVS/EWS(HQ)/P&I/2548
Date:  17.04. 2023
To: All Nationalized Banks
 
Subject: Investment under EWS – regarding
Madam/Sir,
I am to inform you that the following Surplus amount  is available with Kendriya Vidyalaya Sangathan’s Account for being kept in Fixed Deposit/Short Term Deposit for the period indicated against the amount to be invested.
Investment under EWS

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S. No.

Amount

Period of deposit

1

25.0 Crore Approx. (Twenty Five Crore only)

One year, less than 1 year, 1 year & above

You are requested to forward the rate of interest for the above deposit in the following format  (for Rs. Fifty Crore).

Amount

Period of investment

Rate of interest p.a.

Rate valid up to

25.04.2023

The ‘Bid for FD rate’ should be superscribed on the sealed envelope C only)  and should be addressed to Deputy Commissioner (Fin}, Room No. 007, 18    Institutional Area, Shaheed Jeet Singh Marg, New Delhi – 110016. The last date for  submission of bid is 20th April , 2023. The rate offered in response to this office  letter must be valid up to 25th April, 2023. No offer will be entertained after the  stipulated date as well as through email.
This issues with the approval of the competent authority.
Yours faithfully,
 
(Sanjay Kumar)
Deputy Commissioner (Fin.)
Copy to:;
1. The Deputy Commissioner (EDP) with request to upload on the Website under the menu “Announcement”.
Deputy Commissioner (Fin.)

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