GEM

State Bank of India Cash In Transit Service Tender 2025 - IS 550/IS ISO Compliant Vehicle Support

Bid Publish Date

24-Nov-2025, 2:15 pm

Bid End Date

01-Dec-2025, 3:00 pm

Value

₹15,00,000

Location

THRISSUR , KERALA

Progress

Issue24-Nov-2025, 2:15 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Tender Overview

Organization: State Bank Of India (SBI). Product/Service: Cash In Transit Service with on-site driver and air-conditioned vehicles. Estimated value: ₹1,500,000. Location: nationwide tender with unspecified city/state. Scope: transport and security of cash in transit; includes vehicle and personnel for secure cash handling. Differentiator: ATC terms uploaded; contract quantity/duration may shift by up to 25%. Unique aspect: SBI procurement for secure cash logistics requiring driver-occupied, climate-controlled transport.

Technical Specifications & Requirements

  • No formal product specifications published in the BOQ; auction relies on service capability for cash handling with licensed drivers.
  • Service type implies on-demand, driver-led cash movement with air-conditioned transport.
  • Estimated value indicates moderate-scale deployment; consider scalable fleet capability and compliance with internal SBI security protocols.
  • Documentation emphasis includes certificates; ATC/Corrigendum exists.
  • Vendor must align with tender’s variance clause allowing ±25% quantity/duration adjustments at contract issue.

Terms, Conditions & Eligibility

  • EMD amount: Not disclosed in tender data.
  • Delivery/Duration: Variation allowed up to 25% at contract issue; follow subsequent order details.
  • Experience/Certificates: Upload all certificates/documents sought; non-compliance may lead to rejection.
  • Payment Terms: Not specified in data; bidders should verify during bid submission.
  • BOQ: No items listed; evaluate capability to meet security/logistics requirements and SBI standards.

Key Specifications

  • Product/Service: Cash In Transit Service with driver

  • Vehicle: Air-conditioned transport implied

  • Estimated value: ₹1,500,000

  • Quantity flexibility: ±25% allowed at contract issue

  • Documents: Certificates as requested in ATC and Corrigendum

Terms & Conditions

  • EMD amount not disclosed; bidders must confirm during submission

  • Contract quantity/duration may adjust by up to 25%

  • Upload all required certificates or bid may be rejected

Important Clauses

Payment Terms

Not specified in tender data; verify in bid documents and ATC

Delivery Schedule

Variation allowed up to 25% at contract issue; exact delivery timeline to be provided with order

Penalties/Liquidated Damages

Not specified; bidders should review ATC for LD provisions

Bidder Eligibility

  • Experience in cash-in-transit or security services

  • Valid GST and PAN

  • Financial capacity to support up-front and ongoing service

Past Similar Tenders (Historical Results)

5 found

Cash In Transit Service - 3000; 0; Not Applicable; Air Conditioned; 4; 4

State Bank Of India (sbi)

ALAPPUZHA, KERALA

Posted: 26 December 2024
Closed: 6 January 2025
GEM

Cash In Transit Service - 2000; driver; Not Applicable; Air Conditioned; 4; 4

State Bank Of India (sbi)

ALAPPUZHA, KERALA

Posted: 23 January 2025
Closed: 3 February 2025
GEM

Cash In Transit Service - 2000; Driver; Not Applicable; Air Conditioned; 3; 3

State Bank Of India (sbi)

IDUKKI, KERALA

Posted: 2 June 2025
Closed: 12 June 2025
GEM

Cash In Transit Service - 2800; DRIVER; Not Applicable; Air Conditioned; 3; 3

State Bank Of India (sbi)

PALAKKAD, KERALA

Posted: 28 February 2025
Closed: 10 March 2025
GEM

Cash In Transit Service - 3300; DRIVER; Not Applicable; Air Conditioned; 3; 3

State Bank Of India (sbi)

PALAKKAD, KERALA

Posted: 28 February 2025
Closed: 10 March 2025
GEM

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Historical Data

Required Documents

1

GST registration certificate

2

PAN card

3

Experience certificates for cash-in-transit or security service

4

Financial statements or solvency proof

5

EMD/security deposit (amount not disclosed in tender data)

6

Technical bid documents

7

OEM authorizations (if applicable) and driver/vehicle compliance documents

8

ATC/Corrigendum compliance certificates (if issued by SBI)

Frequently Asked Questions

Key insights about KERALA tender market

How to bid on the SBI cash in transit tender 2025 nationwide?

Bidders must submit GST, PAN, experience certificates, financials, EMD (amount not disclosed), technical compliance documents, and OEM authorizations. Upload ATC-compliant certificates and await SBI acceptance of certificates. Ensure fleet capability for air-conditioned, driver-led transport and adherence to SBI security protocols.

What documents are required for SBI cash in transit procurement 2025?

Required documents include GST registration, PAN, experience certificates in cash handling, financial statements, EMD documentation, technical bid materials, OEM authorizations (if applicable), and driver/vehicle compliance proofs. Upload any ATC-cited certificates to avoid bid rejection.

What is the estimated value and quantity flexibility for SBI tender?

The estimated value is ₹1,500,000. The contract quantity or duration may be increased or decreased by up to 25% at the time of issue, with bidders bound to accept revised quantities.

What standards or certifications are required for SBI cash transport bids?

Bidders should refer to ATC for required certifications; ensure compliance with SBI internal security protocols and provide relevant driver/vehicle compliance documents, with any IS or ISO alignment if specified in ATC.

When will delivery or implementation milestones occur for this SBI bid?

Specific delivery milestones are issued with the contract; tender data allows ±25% variation at contract issue, so initial orders and delivery windows will be defined in the purchase order.

What are the payment terms for SBI cash in transit service?

Payment terms are not specified in the available tender data; confirm terms in the procurement order and ATC; typical arrangements may include milestones linked to service commencement and acceptance.

How to ensure eligibility for SBI security service tenders 2025?

Meet experience criteria in cash handling, maintain valid GST and PAN, demonstrate financial stability, and submit all mandatory certificates as per ATC; ensure fleet readiness for driver-based, air-conditioned transport and SBI compliance.

What happens if certificates are missing in SBI bid submission?

Missing certificates can lead to bid rejection per the ATC; ensure all requested documents are uploaded during bid submission to satisfy eligibility criteria and avoid disqualification.

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EMD: ₹5.4 L
Est: ₹2.7 Cr
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