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Closed GEM

Government Tender Published for Custom Bid for Services - End to End Reconciliation of Digital Transactions of various Networks, AT in CHENNAI, TAMIL NADU

Bid Publish Date

17-Apr-2025, 7:48 pm

Bid End Date

14-May-2025, 3:00 pm

EMD

₹3,50,00,000

Progress

RA
Issue17-Apr-2025, 7:48 pm
Reverse AuctionCompleted
Award09-Jul-2025, 1:38 am
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Quantity

1

Bid Type

Two Packet Bid

Categories 4

Public procurement opportunity for Indian Bank Custom Bid for Services - End to End Reconciliation of Digital Transactions of various Networks, ATMs & Other Payment Channels in CHENNAI, TAMIL NADU. Quantity: 1 issued by. Submission Deadline: 14-05-2025 15: 00: 00. View full details and respond.

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

Yes

Item Category

Custom Bid for Services - End to End Reconciliation of Digital Transactions of various Networks, ATMs & Other Payment Channels

Authority Records

MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENTINDIAN BANK

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Documents 10

GeM-Bidding-7747189.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Scope Of Work Document

SCOPE_OF_WORK

Payment Terms & Condition

PAYMENT

Other Documents

OTHER

Other Documents

OTHER

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

Required Documents

1

Experience Criteria

2

Bidder Turnover

3

Certificate (Requested in ATC)

4

OEM Authorization Certificate

5

Additional Doc 1 (Requested in ATC)

6

Additional Doc 2 (Requested in ATC)

7

Additional Doc 3 (Requested in ATC)

8

Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

9

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Corrigendum Updates

1 Update
#1

Update

30-Apr-2025

Reverse Auction Schedule

Completed

Start

27-May-2025, 4:00 pm

End

04-Jun-2025, 12:08 pm

Duration: 189 hours

Reverse Auction Document

✅ RA concluded. Check financial results for final rankings.

Technical Results

S.No Seller Date Status
1
FINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED   Under PMA
14-05-2025 13:58:36
2
IDBI INTECH LIMITED   Under PMA
14-05-2025 12:54:36
3
IN-SOLUTIONS GLOBAL LIMITED   Under PMA
14-05-2025 14:28:05
4
M2P SOLUTIONS PRIVATE LIMITED   Under PMA
14-05-2025 14:45:10

Reverse Auction Results Final Prices

These are the final prices after the reverse auction event. Prices may be lower than initial bids.

Rank Seller Final Price Item
L1FINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED   Under PMA Winner ₹48,50,00,000Item Categories : Custom Bid for Services - End to End Reconciliation of Digital Transactions of various Networks, AT
L2IN-SOLUTIONS GLOBAL LIMITED   Under PMA₹48,91,50,000Item Categories : Custom Bid for Services - End to End Reconciliation of Digital Transactions of various Networks, AT

🎉 L1 Winner

FINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED   Under PMA

Final Price: ₹48,50,00,000

Contract / Result Documents 1

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Frequently Asked Questions

Key insights about TAMIL NADU tender market

What are the eligibility requirements for GEM/2025/B/6146924?

The eligibility requirements include being a registered entity, having prior experience in processing digital transactions, and the technical capability to perform reconciliation services. Bidders must demonstrate their capability through the submission of relevant documentation, including experience certifications and registration papers.

What are the required certificates needed for participation?

Bidders must submit relevant certificates proving their experience in reconciliation and transaction management. This includes registration certificates, proof of past contracts in similar services, and financial statements indicating compliance with industry standards.

How can I register for the tender submission process?

To register for the tender, potential bidders must visit the GEM portal and create an account. Once registered, they will need to upload the required documents and submit their bids electronically, following the specified guidelines provided in the tender documents.

What document formats are accepted for submission?

Bid submissions must meet the document formatting requirements outlined on the GEM portal. Typically, accepted formats include PDF for reports, Excel for financial statements, and other digital formats that ensure document integrity. Be sure to check the latest updates regarding formatting requirements on the portal.

What are the benefits for Micro, Small, and Medium Enterprises (MSEs) in this tender?

MSEs benefit from initiatives that promote their engagement in government tenders. Specific provisions include relaxed eligibility criteria, potential financial assistance for project execution, and support for local businesses under the overarching Make in India policies aimed at encouraging domestic production and procurement.