RBI sets ₹5 crore EMD for 29 currency verification system bids
The Reserve Bank of India (RBI) is procuring 29 Currency Verification and Processing Systems (CVPS) machines to replace old equipment and handle increased banknote processing. The contract includes design, supply, installation, testing, commissioning, maintenance, training, and the buy-back of 9 old machines.
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.
- 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
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Document details
| Official title | Global Request for Proposal (RFP) for Design, Supply, Installation, Testing and Commissioning of Currency Verification and Processing Systems at Offices of Reserve Bank of India, Mumbai |
| Source body | Reserve Bank of India (RBI) |
| Reference number | 25602 |
| Status | active (current) |
| Year | 2026 |
| Closing date | 2026-09-18 |
| Documents | 1 |