Reserve Bank of India (the Bank) intends to prepare a panel of suppliers / stockists / chemists (hereinafter referred to as Chemists for brevity) for supply of medicines to the Bank’s various dispensaries at Chennai. The panel is expected to remain operational for a period of three years subject to satisfactory performance.

2. The Expected Annual Procurement is Rs. 3,00,00,000/- (Rupees Three crores).

3. The chemist should have an Annual Minimum Turnover of Rs.1,50,00,000/- (Rupees one Crore fifty lakh) for last three years.

4. The shop/establishment of the chemist should be situated in Chennai.

5. The chemists who fulfill the eligibility criteria may apply in the prescribed form. The eligibility criteria are listed in the RFE (copy enclosed). The panel of chemists shall remain valid for a period of three years (July 01, 2018-June 30, 2021) subject to annual performance reviews.

6. On entering into an annual purchase contract with the Bank, the chemist will have to furnish a Performance Bank Guarantee for Rs. 30 lakh, either in the form of Bank Guarantee valid for 18 months issued by the Scheduled Bank or through Demand Draft payable to ‘Reserve Bank of India, Chennai’. No claim shall be made against the Bank (Regional Director, RBI, Chennai) in respect of interest, if any, due on Performance Security.

The Performance Bank Guarantee should remain valid upto six months beyond the validity period of the contract.

7. Chemists who fulfill the eligibility criteria and agree to the other terms and conditions should apply in the prescribed form to the Regional Director, Reserve Bank of India, HRMD-Central Establishment Section, No.1 Rajaji Salai, Chennai 600001. Duly completed application along with the necessary enclosures, in a sealed envelope superscribed as “Application for Empanelment of Chemists for Supply of Medicines”, should be dropped in the tender box kept for the purpose by 3.00 p.m. on or before March 12, 2018.

8. The Bank reserves the right to accept any or reject any or all of the applications received without assigning any reasons.