Kohat University of Science & Technology intends to place its funds in fixed deposits for six months (06) or one year (01) or  three years (03) or five year (05) duration. The rates shall be quoted for full amount with conditions mentioned below:

 

S.No

Funds Amount

Duration

Profit/Interest Disbursement

01

Rs.269.588m (approximately)

06 months

01 Year

03 Year

05 Years

Monthly disbursement or

Annually or

At maturity

Sealed quotations should reach to the Treasurer’s Office on or before 11thMay , 2020 at 11:00 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