Fixed Deposit definition
Examples of Fixed Deposit in a sentence
In the event of forfeiture of the performance security, the Fixed Deposit shall be forfeited along with interest earned on such Fixed Deposit.
The EMD may be submitted in the form of Insurance Surety Bond, Account Payee Demand Draft, Fixed Deposit Receipt, Banker’s Cheque or Bank Guarantee from any of the public sector banks or a private sector bank authorized to conduct government business.
The Successful Contractor will be required to furnish an amount @ 10% of Total Annual Contract Value (inclusive of GST) as a performance security in the form of Fixed Deposit Receipt or Bank Guarantee from any Nationalized Bank duly pledged in the name of the "All India Institute of Medical Sciences, Jodhpur" payable at Jodhpur within 30 days from the award of contract.
The EMD may be submitted in the form of an Account Payee Demand Draft, Fixed Deposit Receipt, Banker's Cheque or Bank Guarantee from any public sector bank only as per Form DPM-13 (Available in MoD website and can be provided on request).
The Successful bidder will be required to submit the performance security in the form of Fixed Deposit Receipt or Bank Guarantee from any Nationalized Bank duly pledged in the name of the "All India Institute of Medical Sciences, Jodhpur" payable at Jodhpur within 15 days from the award of contract for an amount in multiplication of ₹ 10,000/- (Rupees Ten Thousand Only) per awarded item subject to Minimum ₹ 2,00,000/- (Rupees Two Lacs only) and Maximum ₹ 5,00,000/- (Rupees Five Lacs only).