Procurement Opportunity: Expression for rate of interest for fixed deposits of the New Pension (Tier-I) amounts of different accounts from Public Sector Banks (Nationalized Banks only) in KARNATAKA

Only Public Sector Banks (Nationalized Banks) are allowed to participate in the Tender process with the branch having at local Bagalkot city. Only banks incorporated in India are considered. Foreign banks are not considered.

It shall be the responsibility of the Bidder to ensure credit of Tender Processing Fee and EMD into the respective receiving bank accounts of e-Procurement on or before the last date and time of bid submission.

EMD Payments through e-Payment mode shall be made as one single transaction and payments made in part are liable for rejection.

Bidders shall not be under a declaration of ineligibility for corrupt and fraudulent practices issued by any State Government/ Government of India / Union Territory.

It shall be the responsibility of the Bidder to ensure credit of Tender Processing Fee and EMD into the respective receiving bank accounts of e-Procurement on or before the last date and time of bid submission.

Bank conditions of lowering the interest rate in case pre closure of FD, may please be mentioned in the bid documents (in the format of information to be provided by the banks) as Annexure-II.

The University has sole discretion to decide the number of days of FDs to be kept.

The bank who quotes highest interest rate would be considered for keeping deposits provided, it meets all other eligibility criteria. The University vests the discretion to decide the number of days of FDs to be kept.

The University has the sole authority to keep or not to keep deposits depending upon the requirement and interest of the university.

Once interest rates are quoted that is binding and final. No subsequent reduced rates are considered what so ever reason it may be.

F.D., matured amount should be remitted to the UHS account on the last day of maturity. It should be in the form of D.D. or RTGS only.

No influence is allowed in the tender process.

If there is any delay in refunding the FD amount, the Bank is responsible for variation in interest amount and it should be made good at the cost of the Bank.

The Right of postponing the date of process and finalizing is reserved with the University of Horticultural Sciences, Bagalkot.

If the date of opening of tender happens to be holiday / declared as holiday, tender will be opened on the next immediate working day.

In the event of any disputes, the decision of Honble Vice-Chancellor is final and binding on the agency (Banks).

The agencies shall visit website Corrigendum / addendum time to time if any.

University of Horticultural Sciences, Bagalkot exempted from TDS.