RBI Kolkata to spend ₹70 lakh annually on shredded note disposal

The Reserve Bank of India, Kolkata is contracting the disposal of Shredded Currency Note Briquettes and Unserviceable Items.

Bidders must have minimum five years of experience in similar works, minimum average annual turnover of at least 30% of estimated expenditure for the last three years (supported by audited financial statements), a solvency certificate from their bank, PAN and GSTN numbers, an office/local representative within Kolkata Metropolitan area, and a bank account with a scheduled commercial bank. They must also have a valid license under the Contract Labour (Regulation and Abolition) Act, 1970, if applicable.

• Estimated cost: ₹70,00,000/- (approx.) per year
• EMD: ₹1,40,000/-
• Tender type: Open tender
• Bid submission deadline: August 06, 2026
• Bid validity: 90 days
• Contract duration: One year (September 01, 2026 to August 31, 2027), extendable by up to two years total

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