Currency Counting Machine (V2),Currency Counting Machine (V2)
Canara Bank
BANGALORE, KARNATAKA
Posted:
20 February 2026
Closed:
23 February 2026
GEM
GEM
Canara Bank Currency Counting Machine Tender Ujjain MP - IS 9001 Certified Service & Onsite Warranty 2026
Bid Publish Date
16-Feb-2026, 9:53 pm
Bid End Date
23-Feb-2026, 6:00 pm
Location
Progress
Issue16-Feb-2026, 9:53 pm
Technical19-02-2026 19:00:05
Financial
AwardCompleted
Quantity
7
Bid Type
Two Packet Bid
Key Highlights
- • Manufacturer Authorization mandatory with OEM details
- • ISO 9001 certification required for bidder or OEM
- • Service Centre requirement in each consignee state; 30-day establishment window
- • 25% quantity variation under option clause during and post contract
- • On-site/CMC/AMC minimum free services for complete unit
- • GST applicable as per actuals or quoted rate; reimbursement policy
- • Display, counting mechanism, sensors, and speed features highlighted in specs
- • Delivery timelines and extension rules defined by option clause
Categories
2
Tender Overview
Organization: Canara Bank; Product: Currency Counting Machine (V2); Location: UJJAIN, MADHYA PRADESH 456001; Category: Currency Counting Machine (V2) with PAC; Estimated Value: not disclosed; EMD: not disclosed. The tender requires manufacturers or authorized distributors to provide an OEM authorization, ISO 9001 certification, and a functional service center in the consignee state. The Buyer adds a 25% option clause for quantity variation during and after contract, with delivery terms anchored to the original delivery period and extended timelines. The procurement emphasizes note authentication features, counting speed, and on-site/CMC support terms. Unique elements include mandatory service center establishment within 30 days and supplier compliance with the ISO standard coupled with MAO (Manufacturer Authorization) requirements.
Technical Specifications & Requirements
- Display and Counting Mechanism Type: details to be confirmed in the supplier’s technical proposal
- Foam Factor/Type: specified in tender; exact grade not disclosed
- Note Authentication Sensors: additional sensors required for note verification
- Counting Speed: capacity measured in notes per minute (no specific value given)
- Communication Ports: supported interfaces to be disclosed by bidder
- Salient Features: comprehensive feature set to be detailed by OEM in bid
- ** warranty & service**: minimum free services during comprehensive warranty/CMC/AMC for complete unit; on-site or carry-in terms depending on warranty
Terms, Conditions & Eligibility
- EMD: not disclosed; bidders to verify applicable amount
- MAO: Manufacturer Authorization certificate mandatory with OEM details
- Service Centers: functional center in each consignee state; establishment within 30 days of award; evidence required for payment release
- Quality: ISO 9001 certification required for bidder or OEM
- GST: bidder to verify applicable GST; reimbursement as per actuals or applicable rates, maximum as quoted
- Delivery: option clause allows +/- 25% quantity variation; delivery timelines tied to original order with minimum 30 days extension; extended delivery time formula specified
Key Specifications
-
- Category: Currency Counting Machine (V2) with PAC
-
- Key capabilities: Display, Type of counting mechanism, Foam factor/type, Additional note authentication sensors
-
- Performance: Counting speed (notes per minute) to be specified by bidder
-
- Interfaces: Required communication ports (as per bidder proposal)
-
- Warranty/CMC: Minimum free services during comprehensive warranty for complete unit
Terms & Conditions
-
25% quantity variation permitted under option clause with adjusted delivery timelines
-
OEM authorization required; service centers in consignee states with 30-day setup window
-
ISO 9001 certification mandatory for bidder or OEM; GST considerations as applicable
Important Clauses
Payment Terms
GST as actual or applicable rate; no fixed reimbursement beyond quoted rate; payment terms not specified in data
Delivery Schedule
Delivery period starts from last date of original delivery order; extended period applies when option clause is exercised
Penalties/Liquidated Damages
Not explicitly stated; terms imply penalties via delivery timeline adjustments under option clause
Bidder Eligibility
-
Must hold ISO 9001 certification (bidder or OEM)
-
Must provide Manufacturer Authorization with complete OEM details
-
Must establish/verify functional Service Centre in consignee state within 30 days of award
Additional Tender Data
Commercial Details
Tender Category
Goods
Bid To RA
No
Bid To RA Enabled
No
Item Category
Currency Counting Machine (V2) (Q2) ( PAC Only )
Authority Records
MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENT
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Documents 4
GeM-Bidding-8972610.pdf
Main Document
Other Documents
OTHER
CATALOG-Specification-1
CATALOG Specification
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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GEM
Tender Results
Loading results...
Technical Specifications
1 Item
Item #1 Details
View Catalog| Category | Specification | Requirement |
|---|---|---|
| Features and Performance | Display | LCD/LED/Digital Display |
| Features and Performance | Type of Counting Mechanisms | Loose Currency |
| Features and Performance | Foam Factor/Type | Desktop/Table Top-Type |
| Features and Performance | Additional Sensors for Note Authentication of the Machine | CIS (Contact Image Scanner), UV (Ultra-Violet Light/Fluorescent Scanner), MG (Magnetic Scanner), IR (Infra Red Scanner) |
| Features and Performance | Counting speed, (Number of Currency Notes/Minutes) | Upto 1000 |
| Features and Performance | Communication Ports | USB, RS-232 (Serial Port) |
| Features and Performance | Salient Features | Capable of Counting and Totalling Multi Denominations Currency Notes in single operation |
| Service, Warranty, Installation and Commissioning | Minimum Free Services during Comprehensive warranty / CMC / AMC for complete unit | 2 nos. per year |
Required Documents
1
- GST registration certificate
2
- PAN card
3
- ISO 9001 certificate (bidder or OEM)
4
- Manufacturer Authorization / OEM authorization with complete details
5
- Evidence of functional Service Centre in the State (or plan to establish within 30 days)
6
- Technical bid documents detailing currency counting machine features (Display, counting speed, sensors, interfaces)
7
- Financial statements (as applicable to tender rules)
8
- Any other statutory or bid-specific certificates as required in terms and conditions
Technical Results
| S.No | Seller | Item | Date | Status |
|---|---|---|---|---|
| 1 | R.S. TECHNOLOGY Under PMA | Make : KORES EASYCOUNT Model : Kores Easy Count 453 CIS Based 100% Accurate Value | 19-02-2026 19:00:05 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | R.S. TECHNOLOGY Under PMA | Item Categories : Currency Counting Machine (V2) |
Frequently Asked Questions
Key insights about MADHYA PRADESH tender market
How to bid for currency counting machine tender in Ujjain MP 2026?
Bidders should verify ISO 9001 certification, obtain Manufacturer Authorization, and establish or prove a functional service center in Madhya Pradesh. Prepare documentation including GST, PAN, and OEM details, and ensure compliance with the 25% option clause for quantity variation.
What documents are required for Canara Bank currency counter bid 2026?
Submit GST registration, PAN card, ISO 9001 certificate, OEM authorization, evidence of service center (within 30 days if not existing), technical proposal detailing display, sensors, speed, and interfaces, plus financial statements as applicable to tender rules.
What are the technical specifications for the currency counting machine
Bid documents require details on display type, counting mechanism, foam factor, additional note authentication sensors, counting speed (notes per minute), and supported communication ports; bidder must outline salient features and warranty/CMC terms for the complete unit.
What is the delivery time framework under the option clause?
Delivery timelines begin from the last date of the original delivery order. If quantity increases by up to 25%, the additional time is calculated as (increased quantity ÷ original quantity) × original delivery period, with a minimum extension of 30 days.
What are the eligibility criteria for Canara Bank currency counter tender 2026?
Eligibility includes ISO 9001 certification, OEM authorization, functional service centers in consignee state, and ability to honor the 25% quantity variation clause; bidders must comply with GST rules and provide technical specifications as per tender.
How is GST handled for Canara Bank procurement of currency counters?
GST is to be verified by bidders and applied as actuals or per applicable rates, whichever is lower, with reimbursement limited to the quoted GST percentage; no default GST entitlement is provided by Canara Bank.
What documents prove service center readiness for this bid?
Submit evidence of a functional service center in the state or a plan to establish one within 30 days of award. Payment release is contingent on documentary evidence of having a functional service center.
What are the warranty and support expectations for this currency counter?
The bid requires minimum free services during comprehensive warranty/CMC/AMC for the complete unit; bidders should specify on-site or carry-in support and terms of service continuity within the stated warranty period.
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Documents 4
GeM-Bidding-8972610.pdf
Main Document
Other Documents
OTHER
CATALOG-Specification-1
CATALOG Specification
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS