RBI sets ₹5 crore EMD for 29 currency verification system bids

The contract includes design, supply, installation, testing, commissioning, maintenance, training, and the buy-back of 9 old machines.

Who can bid: The provided text does not state specific eligibility criteria such as minimum turnover, years of experience, or required certifications. It notes that Annex III contains 'Qualification/ Eligibility Criteria' but the specific details are not included in the provided text. Bidders must register on the CPPP portal and possess a valid Digital Certificate with signing and encryption rights.

Key terms

• Tender Type: Two Bid System (Technical Bid and Price Bid) submitted on CPP portal
• EMD: ₹ 5,00,00,000 (Rupees Five Crores) via irrevocable Bank Guarantee from a Scheduled Commercial Bank
• Bid Submission Deadline: September 18, 2026, at 15:00 hrs IST
• Technical Bid Opening: September 21, 2026, at 11:00 hrs IST
• Quantity: 29 CVPS machines (partial bids not accepted)
• Pre-Bid Conference: August 21, 2026, at 15:00 hrs IST

Also in the document

• The Earnest Money Deposit (EMD) is set at ₹5 Crores, which is a significant financial commitment for bidders.
• Bidders are required to submit bids for the total quantity of 29 machines; partial or site-wise selective bids are explicitly not accepted.
• The scope includes the buy-back of 9 old CVPS machines, which is an unusual component for a standard procurement tender.