E-Tender No: RBI/Mumbai Regional office/Issue/1/25-26/ET/1028 The captioned e-Tender was published on February 18, 2026, on RBI’s Website and MSTC portal. The Pre-bid meeting was held on March 2, 2026, at 3:30 P.M. at Reserve Bank of India, Issue Department Conference Room, Ground Floor, Fort, Mumbai - 400 001. 2. (a) List of Bank’s officials who attended the meeting: | Issue Department, Reserve Bank of India, Mumbai | | Sr. No. | Name | Designation | | 1 | Smt Aiswarya Subramanian | Assistant General Manager | | 2 | Shri Sudesh Gunvant Kacharekar | Assistant General Manager | | 3 | Shri Abhishek Verma | Manager | | 4 | Ms. Divya Dixit | Assistant Manager | | 5 | Ms. Aprajita Sinha | Assistant Manager | (b) List of representatives of prospective bidders: | Sr. No. | Name of the Representative | Name of the company/firm | | 1 | Shri Rajkumar Chandak | M/s Currency Movers | | 2 | Shri Ramesh Kothari | M/s Currency Movers | | 3 | Shri Vinayak Ashok Bende | M/s S&IB Services Pvt. Ltd. | | 4 | Shri Asif Hussain | M/s Om Sawari | | 5 | Shri Shubham Balkrishna Sohani | M/s Om Sawari | | 6 | Shri Bharat Gavhane | M/s Mayur Container Services | | 7 | Shri Bajrang Gavhane | M/s V K Gavhane & Sons | | 8 | Shri Suresh Tukaram Gavhane | M/s S T Gavhane | | 9 | Shri Ajinkya Suresh Gavhane | M/s A S Gavhane | 3. The queries discussed during the pre-bid meeting and the clarification given by the Bank with respect to each of the queries are as follows: | Sr. No. | Query | Clarification | | 1. | Can the vehicles provided by the contractor be on lease? | The bidders are advised to refer to section III, para D (xiii) Duties of the Contractor.
The vehicles supplied by the contractor shall be less than 10 years old and must be roadworthy and in good condition. These vehicles shall either be owned or leased by the contractors. In case of leased vehicles, the lease of vehicles shall not expire before expiry of the contract. | | 2. | What are the Criteria for solvency certificate? | The bidders are advised to refer to section II, para 3 (iv) Eligibility criteria
Positive net worth as per the latest audited balance sheet as of March 31, 2025, or later. The tenderer(s) shall submit solvency certificate duly certified by a scheduled commercial bank. | | 3. | Minimum average annual turnover of at least 30% of estimated cost of the contract during the last three financial years, ending 31st March of the previous financial year, supported by audited financial statements.
Question: Our question for the turnover calculation is whether you will consider Rs 1.20 crores i.e. turnover for one year? | The eligibility criteria and the turnover will be calculated based on the one-year cost i.e. Rs. 1.20 crores. | | 4. | Three similar completed services with each costing not less than the amount equal to 40% (forty per cent) of the estimated cost.
Question: Whether 40% for the three completed services taken together or 40% for each completed service. | The bidders are advised to refer to section II, para 3.1 (ii), Eligibility criteria.
The bidder must have successfully executed/completed similar services, over the last three years i.e., the current financial year and the last three financial years:
(a) Three similar completed services with each costing not less than the amount equal to 40% (forty per cent) of the estimated cost; or
(b) Two similar completed service with each costing not less than the amount equal to 50% (fifty per cent) of the estimated cost; or
(c) One similar completed service costing not less than the amount equal to 80% (eighty per cent) of the estimated cost | | 5. | Whether the Bank will be able to provide work costing the estimated amount mentioned in the contract? | The bidders are advised to refer to Section I, para 1(c), Schedule of Tender (SOT).
₹2,40,00,000/- (Indian Rupees Two Crore Forty Lakh only), for two years.
*The above amount is purely indicative only and the Bank is not under any obligation to incur expenditure equal to or exceeding the estimated cost/expenditure mentioned here in this tender. | | 6. | Whether any specific dimensions required for the vehicles? | No specific dimensions of the vehicles are mentioned. However, contractor should provide Minimum number of five fully covered closed container trucks/ closed vehicles having metallic body of sufficient thickness, preferably bullet/ tamper proof with secure tamper proof double locking arrangement, enabled with Global Positioning System (GPS) and having carrying capacity of minimum 10 tons. All the vehicles should be less than 10 years old. | | 7. | Whether the Bank will pay the detention charges? | The bidders are advised to refer to Section VII.
No detention charges will be payable at any place. | 4. These minutes of pre-bid meeting shall form part of Bid document/Agreement. 5. Rest of the terms and conditions and specifications of the Bid document shall continue to remain the same. 6. The above clarification are issued for the information for all the intending bidders. 7. The submission of bid by the firm shall be construed to be in conformity to the Bid document and Amendments/clarifications given above. Regional Director
Reserve Bank of India
Mumbai |
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