Investment of Endowment Fund as Term Deposit Receipt in Banks/Financial Institutions

The Gilgit-Baltistan Disaster Management Authority (GBDMA) invites banks and financial institutions to submit their special interest rates for investing its endowment fund as Term Deposit Receipt (TDR). This procurement is specific to institutions with PACRA ratings of minimum AA (Long term), A+ (Short term), or JCR-VIS rating A+ (Medium and long term) and A1 (Short term), and must have branches in Gilgit-Baltistan. The tender is issued by the Gilgit-Baltistan Disaster Management Authority based in Gilgit city. Items being procured: - Submission of special interest rates on Term Deposit Receipt (TDR) for one year by eligible banks/financial institutions The technical scope involves submission of sealed official letters on the bank’s official letterhead indicating the interest rate offered for a one-year TDR. The rates must remain fixed and not subject to change during the term. The TDR will be for one year only, and rates must not be affected by KIBOR fluctuations. Banks must submit their rates on the provided proforma before the closing date. Eligibility criteria include having the specified PACRA or JCR-VIS ratings and a branch presence in Gilgit-Baltistan. Interested banks/financial institutions must ensure their submissions are sealed and submitted to the GBDMA office in Minawer Gilgit during office hours. The submission deadline is **20th July 2026** by 23:59:59. The contact phone number for queries is 025811-922030. No earnest money or CDR is mentioned, but bidders should ensure compliance with all terms and conditions. A practical tip for bidders: Ensure your official letter clearly states the interest rate on the bank’s letterhead and is submitted well before the deadline to avoid disqualification. Late or incomplete submissions will not be entertained.