Custom Bid for Services - SELECTION OF VENDOR FOR END TO END IMPLEMENTATION OF CENTRAL BANK DIGIT
Punjab And Sind Bank
NEW DELHI, DELHI
Bid Publish Date
17-Apr-2025, 7:48 pm
Bid End Date
14-May-2025, 3:00 pm
EMD
₹3,50,00,000
Location
Progress
RAQuantity
1
Bid Type
Two Packet Bid
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.
Main Document
OTHER
OTHER
SCOPE_OF_WORK
PAYMENT
OTHER
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
Punjab And Sind Bank
NEW DELHI, DELHI
Canara Bank
Western Coalfields Limited
YAVATMAL, MAHARASHTRA
Hqids
Oriental Insurance Company Ltd
Tender Results
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Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
OEM Authorization Certificate
Additional Doc 1 (Requested in ATC)
Additional Doc 2 (Requested in ATC)
Additional Doc 3 (Requested in ATC)
Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
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.
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | FINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED Under PMA | 14-05-2025 13:58:36 | Qualified |
| 2 | IDBI INTECH LIMITED Under PMA | 14-05-2025 12:54:36 | Disqualified |
| 3 | IN-SOLUTIONS GLOBAL LIMITED Under PMA | 14-05-2025 14:28:05 | Qualified |
| 4 | M2P SOLUTIONS PRIVATE LIMITED Under PMA | 14-05-2025 14:45:10 | Disqualified |
These are the final prices after the reverse auction event. Prices may be lower than initial bids.
| Rank | Seller | Final Price | Item |
|---|---|---|---|
| L1 | FINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED Under PMA Winner | ₹48,50,00,000 | Item Categories : Custom Bid for Services - End to End Reconciliation of Digital Transactions of various Networks, AT |
| L2 | IN-SOLUTIONS GLOBAL LIMITED Under PMA | ₹48,91,50,000 | Item 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
Please sign in or create an account to view contract details and download result documents.
Key insights about TAMIL NADU tender market
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.
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.
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.
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.
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.
Indian Navy
N/a
📍 MUMBAI, MAHARASHTRA
Indian Army
📍 AMRITSAR, PUNJAB
Hcsl
📍 HOWRAH, WEST BENGAL
Central Board Of Excise And Customs (cbec)
📍 MUMBAI, MAHARASHTRA
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Main Document
OTHER
OTHER
SCOPE_OF_WORK
PAYMENT
OTHER
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS