Fixed Deposit. I. The Bank shall only accept fixed deposits in such currency, of such minimum deposit amount, for such deposit period and shall pay interest on such fixed deposit at such interest rate, as the Bank may, at its discretion, specify from time to time.
Fixed Deposit. The demand draft or banker’s cheque shall be drawn on any scheduled bank in India or a commercial bank in the country of the bidder, in favour of the “Director, AIIMS Bhopal”, payable at Bhopal. In case of bank guarantee, the same is to be provided from any scheduled bank in India or by a commercial bank in the country of the tenderer as per the format specified under Chapter-4. The xxxxxxx money shall be valid for a period of one year from the date of opening of Technical bid. As validity period of Tender will be of 6 months, the EMD shall be valid for 365 days from Technical Bid Tender opening date. Unsuccessful bidders’ xxxxxxx money will be returned to them without any interest, after expiry of the tender validity period, but not later than thirty days after conclusion of the resultant contract. Successful bidder’s xxxxxxx money will be returned without any interest, after receipt of performance security from that bidder(s). Xxxxxxx Money is required to protect the purchaser against the risk of the Bidder’s conduct, which would warrant the forfeiture of the EMD. Xxxxxxx money of a Bidder will be forfeited, if the Bidder withdraws or amends its tender or impairs or derogates from the tender in any respect within the period of validity of its tender or if it comes to notice that the information/documents furnished in its tender is incorrect, false, misleading or forged without prejudice to other rights of the purchaser. The successful bidder’s xxxxxxx money will be forfeited without prejudice to other rights of Purchaser if it fails to furnish the required performance security within the specified period.
Fixed Deposit. (FD) and Fixed Deposit-i (FD-i) are insured by PIDM. Fixed Deposit/-i Tenure Board rate1 Promotional Rate2 Minimum Placement Amount Maximum Placement Amount Criterion 6-month 3.15% p.a. 4.00% p.a. RM10,000 RM10mil Fresh funds are required. Table (1)
Fixed Deposit. 6.1 Fixed Deposits can be placed for tenures in multiples of one to 60 months or such other tenure permitted by the Bank. If the maturity date falls on a non-Business Day, any instructions by you will be carried out on the next Business Day. Automatic renewal will be carried out on the maturity date on the Bank’s terms and conditions prevailing as at the maturity date.
Fixed Deposit. I. The Bank shall only provide and accept any fixed deposits whose currency(ies) are maintained by the Bank in accordance with the minimum deposit amount, interest rate and deposit period announced by the Bank from time to time. The Bank will provide the relevant deposit information notice (including but not limited to deposit receipt / deposit confirmation and monthly statement, etc.) to the Customer upon completion of the relevant deposit.
Fixed Deposit. Receipt issued by any Nationalized /Schedule Indian Bank or a foreign Bank approved by R.B.I., acceptable to the employer. (Bid security for bidders under SC/ ST/OBC/ MOBC categories will be half of the Bid security specified).
Fixed Deposit. (“FD”), Fixed Deposit-i (“FD-i“), Premier Booster Account (“PBA”) and Premier Booster Account-i (“PBA-i”) are insured by PIDM. Base Interest/Profit Premier Booster Account/-i
Fixed Deposit. (A) Simultaneously with the deposit of the Escrow Amount in the Escrow Account and at any time during the term of this Agreement, the Company shall be entitled to issue written request(s) to the Manager to the Buy Back substantially in the format set out at Annexure IX (“Fixed Deposit Instruction”) for creation of fixed/term deposit(s) (“Fixed Deposit(s)”) on part of the monies lying in the Escrow Account provided that the Company shall maintain an amount of ₹ 96.25 Millions (Rupees Ninety Six Millions Two Hundred and Fifty Thousand only) in the Escrow Account in cash at all times until the completion of all obligations under the SEBI Buy Back Regulations. The Company shall place the Escrow Amount or any part thereof in a Fixed Deposit(s) and create a lien in favour of the Manager, with partial liquidate/premature withdrawal facility. The Parties agree that the rate of interest on such Fixed Deposit(s) shall be the prevailing rate of interest offered by the Escrow Agent and any interest earned on such Fixed Deposit(s) shall, notwithstanding any other provision(s) contained elsewhere in the Agreement, be transferred to the account designated by the Company. Notwithstanding anything herein, all Fixed Deposits created in terms of this Agreement shall always be subject to the escrow arrangement contemplated in this Agreement. The Escrow Agent is not required to withhold any amount from or in respect of the transactions contemplated herein, pursuant to any law, including, without limitation, any requirement for withholding tax. Provided however, any interest payments paid by the Escrow Agent in accordance with the terms of this Agreement shall be subject to deduction of withholding tax . The Company shall specify in the Fixed Deposit Instruction the tenor for the Fixed Deposit(s) (“Tenor”) and the rate of interest for the Fixed Deposit(s) as agreed upon between the Company and the Escrow Bank.
