Markets Reserve Bank of India
₹2 crore contract awarded to S&IB Services for Bengaluru banknote transport
The Reserve Bank of India (Bangalore Regional Office) is contracting for the supply of fully covered container trucks or vehicles to transport banknotes and coins in Karnataka, specifically Bengaluru.
₹2 crContract Value: ₹2,00,00,000/- (Inclusive of all taxes) Estimated annual value
Who can bid: The document does not state the specific eligibility criteria, minimum turnover, experience requirements, or certifications required to bid. It only lists the names of companies that were qualified after technical evaluation.
Key terms
- Tender Type: E-Tender through MSTC Website (Two Bid System)
- Contract Value: ₹2,00,00,000/- (Inclusive of all taxes) Estimated annual value
- Bid Submission Deadline: May 21, 2026
- Contract Duration: July 01, 2026 to March 31, 2028
- Contract Awarded To: M/s S&IB Services Private Limited
Who won this contract: M/s S&IB Services Private Limited, ₹2,00,00,000/- (Inclusive of all taxes) — read from the award document; check the original.
How this was written
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The original document
Reserve Bank of India (RBI)
Tender · Ref. RBI/Bangalore Regional Office/Issue/1/26-27/ET/40 · 3 Jul 2026
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