Markets Reserve Bank of India
FMRD awards ₹20,000 setup and ₹1.5 lakh annual fee contract to EscrowNXT for IMSS source code
The Financial Markets Regulation Department (FMRD) is contracting an escrow agent to deposit the source code of the IMSS application, with no reasonable alternatives available due to exceptional circumstances.
₹1.5 lakhValue of contract: One time setup fee of ₹20,000, Annual fee of ₹1,50,000 for three years (excluding applicable GST)
Key terms
- Value of contract: One time setup fee of ₹20,000, Annual fee of ₹1,50,000 for three years (excluding applicable GST)
- Actual date of start of work: June 8, 2026
- Actual date of completion of work: June 7, 2029 (option to renew further)
Who won this contract: EscrowNXT Services Private Limited, One time setup fee of ₹20,000, Annual fee of ₹1,50,000 for three years (excluding applicable GST) — read from the award document; check the original.
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The original document
Reserve Bank of India (RBI)
Tender · Ref. N.A. · 3 Jul 2026
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