U.P. Housing Board Funds: Highest Interest Fixed Deposit Investment

Work Description - Investment Of Parishad Fund/infrastructure Fund In Shape Of Fixed Deposit For One Year On Highest Interest Rates For The Period Of One Year Through Nationalized Banks As Under

The U.P. Housing and Development Board, a State Government entity, extends an Open Tender invitation to eligible Nationalized Banks for the strategic investment of its Parishad Fund/Infrastructure Fund. This significant opportunity, identified by Tender Reference Number 187 Dt-09.07.2026 (Tender ID: 2026_UPHDB_1168251_1), seeks to establish a Fixed Deposit for one year, aiming to secure the highest possible interest rates. Valued at approximately ₹9,18,00,00,000 (Nine Hundred Eighteen Crore Indian Rupees), this service, categorized under Miscellaneous Services and structured as a Rate Contract for a period of 365 days, is crucial for the Board's financial management. Prospective nationalized banks may access and download tender documents from July 10, 2026, starting at 02:30 PM. The deadline for both document download and online bid submission is July 29, 2026, at 01:00 PM. Bids will be opened shortly thereafter, on July 29, 2026, at 02:00 PM, at the HQ FINANCE SECTION, 104 MG MARG LUCKNOW. No Tender Fee or Earnest Money Deposit (EMD) is required for participation in this tender. All submitted bids must remain valid for a period of 90 days. For comprehensive details and requirements, bidders are strongly advised to refer to the official tender documents. This tender is issued by the Finance Controller, U.P. Housing and Development Board, located at HQ 104 MG MARG LUCKNOW.