Common use of XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE Clause in Contracts

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 An EMD of Rs. 8, 00,000/- (Rupees Eight Lakh only) and Non refundable Tender fee Rs. 3,000/- (Rupees Three Thousand only) shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. as per following details: 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks Surat 8.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-IDBI Ltd or AXIS Bank, HDFC Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa of BG enclosed with this e-tender under Section-F. 8.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bid 8.4 The EMD of the successful bidder will be returned after payment of Security Deposit by successful bidder. 8.5 The xxxxxxx money deposit paid in the form of demand draft will be refunded to the unsuccessful BIDDER as soon as the tender is finalized. 8.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender fees and EMD should be submitted in physical form directly to GIPCL as per Clause 6.9. 8.7 No interest shall be payable on EMD. 8.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender after acceptance or (ii) withdraws his tender before the validity date of the tender.

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 7.1 An EMD of Rs. 8, 00,000/- (Rupees Eight Lakh only) and Non Rs 1,14,000/-and Non-refundable Tender fee Rs. 3,000/- (Rupees Three Thousand only) Rs 2950/- shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. as per following details: 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks bank Surat The Tender Fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. payable at State Bank of India, Nani Naroli branch only. Alternatively, the EMD & Tender Fee may be submitted through RTGS / NEFT payment mode and the relevant account details of GIPCL for the same being as follows: Name of account holder Gujarat Industries Power Co. Ltd. Account No. 33514692834 Name of Bank State Bank of India Address of Bank Utility Building, Nani Naroli, Taluka Mangrol, Dist. Surat. Pin 394 110 IFSC code SBIN0013423 MICR code 394002513 8.2 7.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor favour of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-bank - IDBI Ltd or AXIS Bank, HDFC Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa of BG enclosed with this eE-tender under Section-F. 8.3 7.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bidBid. 8.4 7.4 The EMD of the successful bidder Bidder will be returned after payment of Security Deposit within 21 days from the date of award of contract by successful bidderBidder. 8.5 7.5 The xxxxxxx money deposit paid in the form of demand draft Xxxxxxx Money Deposit will be refunded to the unsuccessful BIDDER as soon as the tender Tender is finalizedfinalized and after award of LOI/WO. 8.6 7.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender fees Fees and EMD should be submitted in physical form directly to GIPCL as per Clause 6.97.9. 8.7 7.7 No interest shall be payable on EMD. 8.8 7.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender Tender after acceptance or (ii) withdraws his tender before the validity date of the tender.or

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 7.1 An EMD of Rs. 8, 00,000/- (Rupees Eight Lakh only) G 1,40,000/- and Non Non-refundable Tender fee Rs. G 3,000/- (Rupees Three Thousand only) shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. as per following details: 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks Suratbank Surat The Tender Fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. payable at State Bank of India, Nani Naroli branch only. 8.2 7.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor favour of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-bank - IDBI Ltd or AXIS Bank, HDFC Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa of BG enclosed with this eE-tender under Section-F. 8.3 7.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bidBid. 8.4 7.4 The EMD of the successful bidder Bidder will be returned after payment of Security Deposit by successful bidderBidder. 8.5 7.5 The xxxxxxx money deposit Xxxxxxx Money Deposit paid in the form of demand draft Demand Draft will be refunded to the unsuccessful BIDDER as soon as the tender Tender is finalized. 8.6 7.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender fees Fees and EMD should be submitted in physical form directly to GIPCL as per Clause 6.97.9. 8.7 7.7 No interest shall be payable on EMD. 8.8 7.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender Tender after acceptance or (ii) withdraws his tender Tender before the validity date of the tender. 7.9 SCHEDULE OF EMD & TENDER FEES: Address for Submission: EMD & Tender fee and other General Manager, documents xxxxx signed to be GUJARAT INDUSTRIES POWER CO. LTD., submitted in physical form, within (Surat Lignite Power Plant) at the Office of SLPP Phone : 00000-000000 (10 lines) Fax : (02629) 261073 / 261074

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 7.1 An EMD of Rs. 8, 00,000/- (Rupees Eight Lakh only) G 1,00,000/- and Non Non-refundable Tender fee Rs. G 3,000/- (Rupees Three Thousand only) shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. as per following details: 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks bank Surat 8.2 7.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor favour of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-bank - IDBI Ltd or AXIS Bank, HDFC Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa of BG enclosed with this eE-tender under Section-F. 8.3 7.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bidBid. 8.4 7.4 The EMD of the successful bidder Bidder will be returned after payment of Security Deposit by successful bidderBidder. 8.5 7.5 The xxxxxxx money deposit Xxxxxxx Money Deposit paid in the form of demand draft Demand Draft will be refunded to the unsuccessful BIDDER as soon as the tender Tender is finalized. 8.6 7.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender fees Fees and EMD should be submitted in physical form directly to GIPCL as per Clause 6.97.9. 8.7 7.7 No interest shall be payable on EMD. 8.8 7.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender Tender after acceptance or (ii) withdraws his tender Tender before the validity date of the tender. 7.9 SCHEDULE OF EMD & TENDER FEES:

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 7.1 An EMD of Rs. 86,11,000/- and Non-refundable, 00,000/- (Rupees Eight Lakh only) and Non refundable inclusive of applicable GST Tender fee Rs. 3,000/- (Rupees Three Thousand only) Rs.5,000.00/- shall accompany with Bid. The EMD & Tender fee shall be submitted through RTGS /Online mode as per details mentioned in subsequently. 7.2 The EMD shall be submitted in the form of a DD/RTGS/Online mode/Irrevocable Bank Guarantee as per details mentioned in subsequently. DD shall be crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. as per the following details:: - 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks Surat Details for RTGS: - 1 Name of account holder: Gujarat Industries Power Co. Ltd. 2 A/c. No.: 33514692834 3 Name of Bank: State Bank of India 4 Bank address: Utility Building, Nani Naroli, Ta. Mangrol, Dist. Surat 8.2 . Pin 394110. 5 IFSC code: SBIN0013423 6 MICR code: 394002513 EMD & Tender fee may also be submitted through online payment gateway of company’s website: xxx.xxxxx.xxx (online Payment Form) as per detail provided in Section-F herein under. The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-IDBI Ltd or AXIS Bank, HDFC Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa of BG enclosed with this e-tender under Section-F. 8.3 7.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bid. 8.4 7.4 The EMD of the successful bidder will be returned after payment of Security Deposit by the successful bidderbidder deposits the contract security deposit or submits the contract performance bank guarantee as required. 8.5 7.5 The xxxxxxx money deposit paid in the form of demand draft will be refunded to the unsuccessful BIDDER as soon as after the tender is finalizedfinalized and after award of LOI/Work Order. 8.6 7.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender fees and EMD should be submitted in physical form directly to GIPCL as per Clause 6.9GIPCL. 8.7 7.7 No interest shall be payable on EMD. 8.8 7.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender after acceptance or (ii) withdraws his tender before the validity date of the tender.

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 7.1 An EMD of Rs. 8, 00,000/- (Rupees Eight Lakh only) R 1,26,000/- and Non Non-refundable Tender fee Rs. 3,000/- s 2950/- (Rupees Three Thousand only18% GST inclusive) shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. as per following details: 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks bank Surat Alternatively, the EMD may be submitted through RTGS / NEFT payment mode and the relevant account details of GIPCL for the same being as follows: Name of account holder Gujarat Industries Power Co. Ltd. Account No. 33514692834 Name of Bank State Bank of India Address of Bank Utility Building, Nani Naroli, Taluka Mangrol, Dist. Surat. Pin 394 112 IFSC code SBIN0013423 MICR code 394002513 8.2 7.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor favour of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-bank - IDBI Ltd or AXIS Bank, HDFC Bank, Yes Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa Proforma of BG enclosed with this eE-tender under Section-F. 8.3 7.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bidBid. 8.4 7.4 The EMD of the successful bidder Bidder will be returned after payment of Security Deposit within 21 days from the date of award of contract by successful bidderBidder. 8.5 7.5 The xxxxxxx money deposit paid in the form of demand draft Xxxxxxx Money Deposit will be refunded to the unsuccessful BIDDER as soon as the tender Tender is finalizedfinalized and after award of LOI/WO. 8.6 7.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender In case of EMD not submitted by way of RTGS, Physical form of the same with details of tender fees and EMD should & RTGS submission to be submitted in physical form directly to GIPCL as per Clause 6.97.9. 8.7 7.7 No interest shall be payable on EMD. 8.8 7.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender Tender after acceptance or (ii) withdraws his tender before the validity date of the tender.or

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 7.1 An EMD of Rs. 8, 00,000/- (Rupees Eight Lakh only) G 1,50,000/- and Non Non-refundable Tender fee Rs. G 3,000/- (Rupees Three Thousand only) shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. as per following details: 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks bank Surat The Tender Fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. payable at State Bank of India, Nani Naroli branch only. Alternatively, the Tender Fee may be submitted through RTGS / NEFT mode and the relevant account details of GIPCL for the same being as follows: Name of account holder Gujarat Industries Power Co. Ltd. Account No. 33514692834 Name of Bank State Bank of India Address of Bank Utility Building, Nani Naroli, Taluka Mangrol, Dist. Surat. Pin 394 110 IFSC code SBIN0013423 MICR code 394002513 8.2 7.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor favour of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-bank - IDBI Ltd or AXIS Bank, HDFC Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa of BG enclosed with this eE-tender under Section-F. 8.3 7.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bidBid. 8.4 7.4 The EMD of the successful bidder Bidder will be returned after payment of Security Deposit by successful bidderBidder. 8.5 7.5 The xxxxxxx money deposit Xxxxxxx Money Deposit paid in the form of demand draft Demand Draft will be refunded to the unsuccessful BIDDER as soon as the tender Tender is finalized. 8.6 7.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender fees Fees and EMD should be submitted in physical form directly to GIPCL as per Clause 6.97.9. 8.7 7.7 No interest shall be payable on EMD. 8.8 7.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender Tender after acceptance or (ii) withdraws his tender Tender before the validity date of the tender. 7.9 SCHEDULE OF EMD & TENDER FEES: EMD & Tender fee and other Address for Submission: General Manager, documents duly signed to be GUJARAT INDUSTRIES POWER CO. LTD., submitted in physical form on (Surat Lignite Power Plant) or before 23.01.2020 up to Village – Nani Naroli, Taluka – Mangrol Address Phone : 00000-000000 (10 lines) Fax : (02629) 261073 / 261074

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 7.1 An EMD of Rs. 8, 00,000/- (Rupees Eight Lakh only) 74,000/- and Non Non-refundable Tender fee Rs. 3,000/- (Rupees Three Thousand only) 2,950/- shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. as per following details: 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks bank Surat The Tender Fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. payable at State Bank of India, Nani Naroli branch only. Alternative, the Tender Fee may be submitted through RTGS / NEFT mode, and the relevant account details of GIPCL for the same being as follows: Name of account holder Gujarat Industries Power Co. Ltd. Account No. 33514692834 Name of Bank State Bank of India Address of Bank Utility Building, Nani Naroli, Taluka Mangrol, Dist. Surat. Pin 394 112 IFSC code SBIN0013423 MICR code 394002513 8.2 7.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor favour of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-bank - IDBI Ltd or AXIS Bank, HDFC Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-Co- operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa of BG enclosed with this eE-tender under Section-F. 8.3 7.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bidBid. 8.4 7.4 The EMD of the successful bidder Bidder will be returned after payment of Security Deposit within 21 days from the date of award of contract by successful bidderBidder. 8.5 7.5 The xxxxxxx money deposit paid in the form of demand draft Xxxxxxx Money Deposit will be refunded to the unsuccessful BIDDER as soon as the tender Tender is finalizedfinalized and after award of LOI/WO. 8.6 7.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender fees Fees and EMD should be submitted in physical form directly to GIPCL as per Clause 6.97.9. 8.7 7.7 No interest shall be payable on EMD. 8.8 7.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender Tender after acceptance or (ii) withdraws his tender Tender before the validity date of the tender. 7.9 SCHEDULE OF EMD & TENDER FEES: Address for Submission: EMD & Tender fee and other documents duly signed to be submitted in physical form on or before last date of online bid submission ( N procure portal) at the adjacent Address

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 7.1 An EMD of Rs. 8, 00,000/- (Rupees Eight Lakh only) 3.00 lacs and Non refundable Nonrefundable Tender fee Rs. 3,000/- (Rupees Three Thousand only) shall 5000/-shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favour favor of Gujarat Industries Power Co. Ltd. as per following details:: The EMD can be from any of the following banks where as the Tender fee should only be either from SBI/Nani Naroli or XXX Xxxxxx only. 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks SuratSurat ANNUAL RATE CONTRACT FOR “INTEGRATED FIRE FIGHTING SERVICES FOR GIPCL/SLPP SURAT FOR THE YEAR: 2019-21 8.2 7.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-IDBI Ltd or AXIS Bank, HDFC Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-Co- operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa of BG enclosed with this e-e- tender under Section-F. 8.3 7.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bid 8.4 7.4 The EMD of the successful bidder will be returned after payment of Security Fire Deposit by successful bidder. 8.5 7.5 The xxxxxxx money deposit paid in the form of demand draft will be refunded to the unsuccessful BIDDER as soon as the tender is finalized. 8.6 7.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender fees and EMD should be submitted in physical form directly to GIPCL as per Clause 6.97.9. 8.7 7.7 No interest shall be payable on EMD. 8.8 7.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender after acceptance or (ii) withdraws his tender before the validity date of the tender.

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 7.1 An EMD of Rs. 8, 00,000/- (Rupees Eight Lakh only) 1,21,000/- and Non Non-refundable Tender fee Rs. 3,000/- 2950/- (Rupees Three Thousand only18% GST inclusive) shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. as per following details: 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks bank Surat Alternatively, the EMD may be submitted through RTGS / NEFT payment mode and the relevant account details of GIPCL for the same being as follows: Name of account holder Gujarat Industries Power Co. Ltd. Account No. 33514692834 Name of Bank State Bank of India Address of Bank Utility Building, Nani Naroli, Taluka Mangrol, Dist. Surat. Pin 394 112 IFSC code SBIN0013423 MICR code 394002513 8.2 7.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor favour of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-bank - IDBI Ltd or AXIS Bank, HDFC Bank, Yes Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa Proforma of BG enclosed with this eE-tender under Section-F. 8.3 7.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bidBid. 8.4 7.4 The EMD of the successful bidder Bidder will be returned after payment of Security Deposit within 21 days from the date of award of contract by successful bidderBidder. 8.5 7.5 The xxxxxxx money deposit paid in the form of demand draft Xxxxxxx Money Deposit will be refunded to the unsuccessful BIDDER as soon as the tender Tender is finalizedfinalized and after award of LOI/WO. 8.6 7.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender In case of EMD not submitted by way of RTGS, Physical form of the same with details of tender fees and EMD should & RTGS submission to be submitted in physical form directly to GIPCL as per Clause 6.97.9. 8.7 7.7 No interest shall be payable on EMD. 8.8 7.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender Tender after acceptance or (ii) withdraws his tender before the validity date of the tender.or