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ACQUISITION OF FIXED DEPOSITS/INVESTMENT RATES (17th KIC)


Kohat University of Science & Technology intends to place its funds in fixed deposits for three month (03) or six months (06) or one year (01) duration. The rates shall be quoted for the amount with conditions/slabs as mentioned below:

 

S.No

Total Funds Amount

Duration

Slabs

Profit/Interest Disbursement

01

Rs.204.385 m (approximately)

 

03 months

06 months

01 Year

 

 (10-50) m

(50-100) m

(100 & above) m

Monthly disbursement or

Annually or

At maturity

 

Sealed quotations should reach to the Treasurer’s Office on or before 10th   August, 2021 at 10:00 am sharp and will be opened in the presence of committee and bank Managers/Nominee on same date and time. After the competition, committee will decide with whom to fix funds in TDR upon the highest quoted rates, and credibility of banks as per Govt. investment policy.

 

It is further added here that no income tax will be deducted from profits /investment of funds in respect of M/s Kohat University of Science and Technology, Kohat being exempted from tax.

 

Thank you for your time and consideration.

 

Treasurer


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