Examples of SBI in a sentence
For payment of Monthly Bill by APDCL, if paid on or before Due Date of Payment, a Rebate shall be deducted by APDCL at the rate of 1.25% (percent) in excess of the SBI, 1year Marginal Cost of Funds Based Lending Rate (MCLR) per annum / any replacement thereof by SBI on the bill amount.
Upon resolution of the dispute, in case the SPD is subsequently found to have overcharged, then it shall return the overcharged amount with an interest of SBI 1-year Marginal Cost of Funds Based Lending Rate (MCLR) per annum plus 1.25% for the period it retained the additional amount.
In case of any delay in depositing this extension charge, the Solar Power Developer shall to pay an interest @SBI MCLR on this extension charge for the days lapsed beyond due date of Financial Closure, failing which APDCL shall be entitled to encash 100% Performance Bank Guarantee (PBG) and terminate this Agreement.
If the Insured has other insurance provided by a SBI General Insurance Co Ltd company against a loss covered by this Policy, the maximum Limit of Insurance under all policies will not exceed the highest applicable Limit of Insurance available under any one Policy.
The Grievance Redressal Cell of the SBI General looks into complaints from Insured.