Examples of Scheduled Commercial Bank in a sentence
We hereby certify that on the date of submission of Bid for this RFP, we do not have any past/ present litigation which adversely affect our participation in this RFP or we are not under any debarment/blacklist period for breach of contract/fraud/corrupt practices by any Scheduled Commercial Bank/ Public Sector Undertaking/ State or Central Government or their agencies/departments.
When the FSD deducted from R.A Bills of the contractor @ 1.5% of the bill amount exceeds Rs.1.00 Lakh, the amount in excess of Rs. 1.00 Lakh may, at the request of the bidder, be released to him against the production of the bank guarantee issued from a Scheduled Commercial Bank only for an equal amount in the prescribed form.
The successful bidder who is awarded the contract shall be required to submit a Performance Security Deposit of Rs. 10 Lakh in the form of Bank Guarantee (BG) from any Scheduled Commercial Bank drawn in favour of “Management Development Institute Society” covering the period of contract and 180 days beyond the contract period.
A bank guarantee issued/confirmed by a Scheduled Commercial Bank in India in the form provided in the bidding documents and valid for 45 days beyond the validity of the bid.
The cost of bid documents in Demand Draft issued from any Scheduled Commercial Bank in India may be prepared in favour of the concerned Executive Engineer, mentioned under Column (5) above payable at district headquarters of concerned Division as mentioned in Contract Data.