Bank Manager

ACQUISITION OF INVESTMENT RATES

Khushal Khan Khattak University, Karak intends to place its funds in fixed deposits for three (03) or six (06) or twelve (12) months duration. The rates shall be quoted separately for the amounts as per detail given below:

 

S. NO

FUND TYPE

FUND AMOUNT

DURATION/TENURE

PROFIT PAYOUT/ INTEREST DISBURSEMENT

Remarks

1

KKKUK Fund

307,508,000/-      OR (307.508Million)

 

·         03 months

·         06 months

·         12 months

 

·         On Maturity Basis

·         On Monthly Basis

Facility of Pre-Mature encashment will be availed by the University any time without any penalty, if required.

2

KKKUK Fund

97,377,000/- OR (97.377Million)

·         03 months

·         06 months

·         12 months

 

·         On Maturity Basis

·         On Monthly Basis

Facility of Pre-Mature encashment will be availed by the University any time without any penalty, if required.

3

Endowment Fund

76,877,000/-  OR

(76.877Million)

 

 

 

·         03 months

·         06 months

·         12 months

 

 

 

 

·         On Maturity Basis

·         On Monthly Basis

 

 

 

 

 

N/A

4

Pension Contribution Fund

266,917,000/-   OR

(266.917Million)

5

GP Fund

12,864,500/-       OR (12.8645Million)

6

Benevolent Fund

816,700/-         OR

(0.8167Million)

Total Fund Amount                                   762,360,200/- OR (762.3602Million)

 

Sealed Quotations should reach to the office of the Convener, Investment/Funds Deposit Committee, Dr. Siraj Uddin, Assistant Professor, Department of Management Sciences, Khushal Khan Khattak University, Karak or office of the Treasurer, Khushal Khan Khattak University, Karak on or before Tuesday, April 26, 2022 at 10:30 A.M. sharp and will be opened in presence of the Committee and bank Managers / Nominee on same date and time. After the competition, Funds Investment / Deposit Committee & Investment and Management Committee of the University will decide with whom to fix funds upon the highest quoted rates and credibility of the bank.

 

Note:  Daily product rates may also be provided / quoted.

          

 

       Secretary

  (Funds Investment / Deposits Committee)

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