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Name: ORDNANCE FACTORY KANPUR, Acct No. 40466075332, IFSC Code: SBIN0000219, Bank Name: STATE BANK OF INDIA, INDUSTRIAL ESTATE BRANCH-FAZALGANJ KANPUR, 5. Any interest accrued in FDR submitted as PSD by the vendors shall remain in their account, 6. In foreign procurement, Performance Security Deposit will be deposited by the supplier in the form of, Bank Guarantee, in the prescribed format, issued by an Indian Public Sector Bank or a Private Sector bank, authorized to conduct government business or any International bank for which counter guarantee is give, n by Indian Bank acceptable to the purchaser., 7. Performance Security is to be furnished by a specified date (generally 30 days after notification of the, award) and it should remain valid for a period of 60 days beyond the date of completion of all contractual, obligations of the supplier, including warranty obligations if any. Therefore, PSD shall be released after 60, days of completion of contractual obligations., 8. Performance Security Deposit will be forfeited and credited to the government (Ordnance Factory Ka, npur Account)