Tenders

E-Tender No. RBI/Bhubaneswar Regional Office/Issue/1/25-26/ET/837

1. Reserve Bank of India, Bhubaneswar (herein after called ‘the Bank’) invites an e-Tender under two bid system (Technical bid and Price bid) from companies/ partnership firms/ proprietorship concerns for ‘Sale of briquettes of Shredded Currency Notes’ from Reserve Bank of India, Bhubaneswar.

2. Special Note: “In consideration of the environmental impact of the ingredients embedded in banknote paper substrate such as security threads and fibers, security inks and other chemicals used in banknote printing and with a view to move up the sustainability value chain for disposal of soiled banknotes, the Reserve Bank has been exploring sustainable and eco-friendly solutions for disposal of the banknote shreds/briquettes.

One of such sustainable options is re-usage of the soiled banknote shreds for fabricating certain long-lasting materials such as board panels, materials for interior design, particle board furniture and acoustic applications.

In this regard, Reserve Bank had commissioned a study ‘Evaluation of Suitability of Banknote Briquettes Replacement with Wood Particles to Manufacture Particle Boards’, by Institute of Wood Science and Technology (IWST), an autonomous body under the Ministry of Environment, Forest and Climate Change, Government of India. The study established that particle boards created with a certain percentage of currency briquette particles would conform to the technical requirements of particle board.

Since the above study established that banknote shreds can be used to supplement the raw material for manufacturing of particle boards and for ensuring eco-friendly application of the Shredded Currency Note briquettes, “Particle Board Manufacturers”, shall also be considered as prospective bidders for procuring/lifting of briquettes for the purpose of utilizing these briquettes as raw material in manufacturing of particle boards.”

3. Only those who fulfil the qualification criteria are eligible to participate in this tender. The contract shall be for a period of twelve months (from April 01, 2026 to March 31, 2027) which can be extended by the Bank at its opinion for a further period of two years, one year each at a time with/ without any variation in the terms and conditions, subject to satisfactory performance of the contractual terms and conditions and also subject to annual review by the Bank based on the performance of the service provider/s.

4. The schedule for the e-Tendering process is as under:

5. In the event of any date indicated above being declared a holiday, the next working day shall become operative for the respective purpose mentioned therein. Any amendment(s)/corrigendum/ clarifications with respect to this tender shall be uploaded on the website/e-portal only. The tenderer should regularly check the above website/e-portal for any amendment/ corrigendum/ clarification. Only those who fulfil the qualification criteria are eligible to participate in this tender. The contract shall be for a period of one year and can be renewed on an annual basis subject to satisfactory performance for a further period of two years, without any variation in the terms and conditions.

6. The detailed information regarding the above e-Tender/s will be available at MSTC website at https://www.mstcecommerce.com/eprochome/rbi and on the corporate website of the Bank at https://www.rbi.org.in under the menu “Tenders”. The Tendering would be done through the e-Tendering portal of MSTC Ltd. https://www.mstcecommerce.com/eprocn/. All interested bidders must register themselves with MSTC Ltd. through the above-mentioned link to participate in the e-Tendering process.

7. The last date for submission of online bids is February 23, 2026 till 3:00 P.M. and Part-I of the Tender will be opened on the same day, i.e., on February 23, 2026 at 4:00 P.M.. The Part II of the Tender, i.e., the Price Bid will be opened, only of those Contractors/bidders, who satisfy the criteria stipulated in Part I. The date of opening of Price Bid will be intimated in advance to the eligible bidders.

8. The Bank reserves the right to accept or reject any or all e-Tenders without assigning any reason thereof.

Note: All the Tenderers must note that any amendments / corrigendum to the e-Tender, if issued in future, will be notified on the website of RBI and/or MSTC Limited website as provided above and will not be published in any newspaper.

Regional Director
Reserve Bank of India
Bhubaneswar