Reserve Bank of India – Press Releases

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The Reserve Bank of India (RBI) has, by order dated April 23, 2021, imposed restrictions on American Express Banking Corp. and Diners Club International Ltd. from on-boarding new domestic customers onto their card networks from May 1, 2021. These entities have been found non-compliant with the directions on Storage of Payment System Data. This order will not impact existing customers.

American Express Banking Corp. and Diners Club International Ltd. are Payment System Operators authorised to operate Card Networks in the country under the Payment and Settlement Systems Act, 2007 (PSS Act).

The supervisory action has been taken in exercise of powers vested in RBI under Section 17 of the PSS Act.

Background

In terms of RBI circular on Storage of Payment System Data dated April 6, 2018, all Payment System Providers were directed to ensure that within a period of six months the entire data (full end-to-end transaction details / information collected / carried / processed as part of the message / payment instruction) relating to payment systems operated by them is stored in a system only in India. They were also required to report compliance to RBI and submit a Board-approved System Audit Report (SAR) conducted by a CERT-In empanelled auditor within the timelines specified therein.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/106

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Reserve Bank of India – Press Releases

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The results of the auctions of 5.63% Government Stock 2026 (Re-Issue), GoI FRB 2033 (Re-Issue), 6.64% Government Stock 2035 (Re-Issue) and 6.67% Government Stock 2050 (Re-issue) held on April 23, 2021 are:

Auction Results 5.63% GS 2026 GoI FRB 2033* 6.64% GS 2035** 6.67% GS 2050***
I. Notified Amount ₹ 11000 Crore ₹ 4000 Crore ₹ 10000 Crore ₹ 7000 Crore
II. Underwriting Notified Amount ₹ 11000 Crore ₹ 4000 Crore ₹ 10000 Crore ₹ 7000 Crore
III. Competitive Bids Received        
(i) Number 329 97 314 91
(ii) Amount ₹ 38739.313 Crore ₹ 17973 Crore ₹ 35009 Crore ₹ 13634 Crore
IV. Cut-off price / Yield 0 98.40 99.22 98.34
(YTM: 0%) (YTM: 4.9309%) (YTM: 6.7265%) (YTM: 6.8%)
V. Competitive Bids Accepted        
(i) Number 0 11 71 8
(ii) Amount ₹ 0 Crore ₹ 4800 Crore ₹ 13210 Crore ₹ 3935 Crore
VI. Partial Allotment Percentage of Competitive Bids 0% 0% 0% 0%
(0 Bids) (0 Bids) (0 Bids) (0 Bids)
VII. Weighted Average Price/Yield 0 98.52 99.28 98.35
(WAY: 0.0000%) (WAY: 4.9177%) (WAY: 6.7198%) (WAY: 6.7992%)
VIII. Non-Competitive Bids Received        
(i) Number 4 2 10 5
(ii) Amount ₹ 8.201 Crore ₹ 0.097 Crore ₹ 45.648 Crore ₹ 13.282 Crore
IX. Non-Competitive Bids Accepted        
(i) Number 0 2 10 5
(ii) Amount ₹ 0 Crore ₹ 0.097 Crore ₹ 45.648 Crore ₹ 13.282 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)
X. Amount of Underwriting accepted from primary dealers ₹ 11000 Crore ₹ 4000 Crore ₹ 10000 Crore
XI. Devolvement on Primary Dealers 0 0 0 0
* Green shoe amount of ₹800.097 crore has been accepted
** Green shoe amount of ₹3,255.648 crore has been accepted
*** Partial amount of ₹3,948.282 crore has been accepted

Rupambara
Director   

Press Release: 2021-2022/105

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Reserve Bank of India – Press Releases

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The Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

Sr. No Treasury Bill Notified Amount
(in ₹ crore)
Auction Date Settlement date
1 91 Days 15,000 April 28, 2021
(Wednesday)
April 29, 2021
(Thursday)
2 182 Days 15,000
3 364 Days 6,000
  Total 36,000    

The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018, issued by Government of India, as amended from time to time. State Governments, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount.

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, April 28, 2021, during the below given timings:

Category Timing
Competitive bids 10:30 am – 11:30 am
Non-Competitive bids 10:30 am – 11:00 am

Results will be announced on the day of the auction.

Payment by successful bidders to be made on Thursday, April 29, 2021.

Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Rupambara
Director   

Press Release: 2021-2022/104

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
Apr. 17 Apr. 9 Apr. 16 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government 135451 -135451
4.2 State Governments 828 2355 5384 3029 4556
* Data are provisional.

2. Foreign Exchange Reserves
Item As on April 16, 2021 Variation over
Week End-March 2021 Year
₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn.
1 2 3 4 5 6 7 8
1 Total Reserves 4330087 582406 -13746 1193 111135 5422 667379 102838
1.1 Foreign Currency Assets 4019056 540585 -12617 1130 94888 3892 644212 98701
1.2 Gold 262843 35354 -1122 34 15120 1474 13259 2675
1.3 SDRs 11138 1498 -16 6 274 12 242 71
1.4 Reserve Position in the IMF 37051 4969 8 23 853 45 9666 1392
*Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on Apr. 9, 2021 Variation over
Fortnight Financial year so far Year-on-year
2020-21 2021-22 2020 2021
1 2 3 4 5 6
2 Liabilities to Others            
2.1 Aggregate Deposits 15214886 101357 147098 101357 1184427 1500295
2.1a Growth (Per cent)   0.7 1.1 0.7 9.5 10.9
2.1.1 Demand 1743506 -117703 -140818 -117703 107962 267320
2.1.2 Time 13471380 219060 287916 219060 1076465 1232975
2.2 Borrowings 244596 571 -10755 571 -73264 -54088
2.3 Other Demand and Time Liabilities 582899 -73715 -40165 -73715 81163 19388
7 Bank Credit 10889179 -60333 -32957 -60333 693118 551275
7.1a Growth (Per cent)   –0.6 –0.3 –0.6 7.2 5.3
7a.1 Food Credit 49699 -11555 2309 -11555 18143 -4374
7a.2 Non-food credit 10839480 -48778 -35266 -48778 674975 555649

6. Money Stock: Components and Sources
(₹ Crore)
Item Outstanding as on Variation over
2021 Fortnight Financial Year so far Year-on-Year
2020-21 2021-22 2020 2021
Mar. 26 Apr. 9 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 18773048 18907383 134335 0.7 189612 1.1 134335 0.7 1569000 10.2 1917807 11.3
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2757754 2787941 30186 1.1 39810 1.7 30186 1.1 303955 14.6 398382 16.7
1.2 Demand Deposits with Banks 1984261 1867606 -116655 -5.9 -141212 -8.1 -116655 –5.9 112793 7.6 271126 17.0
1.3 Time Deposits with Banks 13983686 14205545 221859 1.6 290095 2.3 221859 1.6 1140666 9.6 1241434 9.6
1.4 ‘Other’ Deposits with Reserve Bank 47347 46292 -1055 -2.2 919 2.4 -1055 –2.2 11586 41.6 6866 17.4
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 5692569 6045801 353232 6.2 405051 8.2 353232 6.2 835303 18.4 680388 12.7
2.1.1 Reserve Bank 982063 1246043 263980   178856   263980   288104   74995  
2.1.2 Other Banks 4710506 4799759 89252 1.9 226195 5.7 89252 1.9 547199 15.0 605394 14.4
2.2 Bank Credit to Commercial Sector 11610050 11552069 -57981 -0.5 -47361 -0.4 -57981 –0.5 740777 7.2 560786 5.1
2.2.1 Reserve Bank 8524 8672 147   -5554   147   -1453   1060  
2.2.2 Other Banks 11601526 11543398 -58129 -0.5 -41807 -0.4 -58129 –0.5 742230 7.2 559726 5.1

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabilisation Scheme OMO (Outright) Long Term Repo Operations & Targeted Long Term Repo Operations# Special Liquidity Facility for Mutual Funds Special Liquidity Scheme for NBFCs/ HFCs** Net Injection (+)/ Absorption (-) (1+3+5+6+
9+10+11+
12+13-
2-4-7-8)
Repo Reverse Repo* Variable Rate Repo Variable Rate Reverse Repo Sale Purchase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Apr. 12, 2021 447338 180 –2000 -449158
Apr. 13, 2021 18839 1299 -17540
Apr. 14, 2021 35651 1804 -33847
Apr. 15, 2021 499304 108 2000 -497196
Apr. 16, 2021 464632 210 –4000 25000 -443422
Apr. 17, 2021 30080 759 -29321
Apr. 18, 2021 3600 72 -3528
*Includes additional Reverse Repo and additional MSF operations (for the period December 16, 2019 to February 13, 2020)
#Includes Targeted Long Term Repo Operations (TLTRO), Targeted Long Term Repo Operations 2.0 (TLTRO 2.0) and On Tap Targeted Long Term Repo Operations. Negative (-) sign indicates repayments done by Banks.
**As per RBI Notification No. 2020-21/01 dated July 01, 2020. Negative (-) sign indicates maturity proceeds received for RBI’s investment in the Special Liquidity Scheme.
& Negative (-) sign indicates repayments done by Banks.

The above information can be accessed on Internet at https://wss.rbi.org.in/

The concepts and methodologies for WSS are available in Handbook on WSS (https://rbi.org.in/scripts/PublicationsView.aspx?id=15762).

Time series data are available at https://dbie.rbi.org.in

Rupambara
Director   

Press Release: 2021-2022/103

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Reserve Bank of India – Press Releases

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April 14, 2015





Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.





With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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Reserve Bank of India – Press Releases

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    5.63% GS 2026 GOI FRB 2033 * 6.64% GS 2035 ** 6.67% GS 2050 ***
I. Notified Amount ₹11,000 cr ₹4,000 cr ₹10,000 cr ₹7,000 cr
II. Cut off Price / Implicit Yield at cut-off NA 98.40/4.9309% 99.22/6.7265% 98.34/6.8000%
III. Amount accepted in the auction Nil ₹4800.097 cr ₹13,255.648 cr ₹3,948.282 cr
IV. Devolvement on Primary Dealers Nil Nil Nil Nil
*Green shoe amount of ₹800.097 crore has been accepted
**Green shoe amount of ₹3,255.648 crore has been accepted
***Partial amount of ₹3,948.282 crore has been accepted

Rupambara
Director   

Press Release: 2021-2022/101

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Reserve Bank of India – Tenders

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Consumer Education and Protection Department (CEPD), Central Office, Reserve Bank of India (RBI) invites e-tenders from survey agencies empanelled by RBI for conduct of ‘Household Surveys’ through MSTC (https://www.mstcecommerce.com/eprochome/) for nationwide bank customers’ satisfaction survey. Please visit Event Number “RBI/Central Office/Premises Department/27/20-21/ET/726” on MSTC website and Tender section on our website www.rbi.org.in for details.

Chief General Manager
CEPD, Reserve Bank of India

Date: April 23, 2021

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April 14, 2015





Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.





With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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In the underwriting auctions conducted on April 23, 2021 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

(₹ crore)
Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
(paise per ₹ 100)
5.63% GS 2026 11,000 5,502 5,498 11,000 11.42
GoI FRB 2033 4,000 2,016 1,984 4,000 9.44
6.64% GS 2035 10,000 5,019 4,981 10,000 24.00
6.67% GS 2050 7,000
Auction for the sale of securities will be held on April 23, 2021.

Rupambara
Director   

Press Release: 2021-2022/99

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Reserve Bank of India – Tenders

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Reserve Bank of India invites online e-tenders for Design, supply, installation, testing & commissioning of 160 KVA Auto Start Green Diesel Generator Set with AMF panel and acoustic enclosure for Bank’s Deputy Governor’s Flats, Napean Sea Road, at Mumbai

1. Online Tenders by e-tendering process are invited for above work at Bank’s Deputy Governor’s Flats at Mumbai. The e-tender is to be submitted through the website www.mstcecommerce.com. The work is estimated to cost Rs. 18 lakhs (Eighteen Lakhs Only) and is to be completed within 90 days.

2. Online Tenders will be available to view/download for all firms from 11:00 AM on -23.04.2021 but only those contractors who have minimum 5 years’ experience in the field of undertaking similar works of Design, supply, installation, testing & commissioning of Auto Start Green Diesel Generator Set with AMF panel and acoustic enclosure during last 5 years (works completed on or after March 31, 2016) and have executed successfully similar works individually costing as under:

(a) Three works each costing not less than 40% of Rs. 18 Lakh

OR

(b) Two works each costing not less than 50% of Rs. 18 Lakh

OR

(c) One work costing not less than 80% of Rs. 18 Lakh

AND

(d) Have a minimum yearly turnover of 100% of the Rs. 18 Lakh during the last 3 financial years

AND

(e) Have a service set up in Mumbai for rendering after sales service. Only tenderers who qualify as above will be eligible to participate in the tender for the work.

The required documents evidencing compliance of all the above criteria (Pre-Qualification Papers) shall be submitted by the firm on or before 14.05.2021 by 05:00 PM at Fort Office Estate Cell.

3. The contractors shall also be required to furnish, at the time of submitting Pre-Qualification papers the following information in writing along with documents to satisfy the Bank about their eligibility for participating in the tendering process:

(a) Composition of the firm Full particulars (whether contractor is an individual or a partnership firm or a company etc.) of the composition of the firm of contractors in detail should be submitted along with the name(s) and address(es) of the partners, copy of the Articles of association/power of Attorney/any other relevant document
(b) Work experience and completion of similar works of specified value during the specified period Copies of the detailed work orders for the qualifying works indicating date of award, value of awarded work, time given for completing the work, etc. and the corresponding completion certificates indicating actual date of completion and actual value of executed similar works should be enclosed in proof of the work experience.
The details along with documentary evidence of previous experience if any, of carrying out works for the Reserve Bank of India at any centre should also be given.
(c) Creditworthiness of the contractor & their Turn over during the specified period Copies of the Income Tax Clearance Certificates/Income Tax Assessment orders along with the latest final accounts of the business of the contractor duly certified by a Chartered Accountant should be enclosed in proof of their creditworthiness and turnover for last three financial years.
(d) Name(s) and address(es) of the Bankers and their present contact executives Written information about the names and address of their bankers along with full details like names, postal addresses, e-mail IDs, telephone (landline and mobile) nos., fax nos. etc. of the contact executives (i.e. the persons who can be contacted at the office of their bankers by the Bank, in case it is so needed) should be furnished
(e) Details of bank accounts Full particulars of their bank accounts, like account no., type, when opened etc. should be given
(f) Name(s) and address(es) of the Clients and their present contact executives. Written information about the names and addresses of their clients along with full details, like names, postal addresses, e-mail IDs, telephone (landline and mobile) nos., fax nos. etc. of the contact executives (i.e. the persons who can be contacted at the office of their clients by the Bank in case it is so needed) should be furnished.
(g) Details of completed works The client-wise names of work(s), year(s) of execution of work(s), awarded and actual cost(s) of executed work(s), completion time stipulated in the contracts (s) and actual time taken to complete the work(s), names and full contact-details of the officers/authorities/departments under whom the work(s) was/were executed should be furnished.

4. In the event of intending tenderer’s failure to satisfy the Bank, the Bank reserves the right to refuse their participation/reject their tender.

5. Tender forms will be available for download on MSTC Website http://www.mstcecommerce.com from 11:00 AM on 23.04.2021. A pre-bid meeting of the eligible bidder (who meets the PQ criteria) will be held on 26.05.2021 at 11:00 AM in the Bank’s Office Building, Estate Cell, Fort Office, Mumbai

6. The Pre-Qualification papers super scribed as “Pre-Qualification documents for Design, supply, installation, testing & commissioning of 160 KVA Auto Start Green Diesel Generator Set with AMF panel and acoustic enclosure for Bank’s Deputy Governor’s Flats at Napean Sea Road, Mumbai.” addressed by name to Shri. Ajay Michyari, Regional Director, Reserve Bank of India, shall be submitted to AGM (Admin) Estate Cell, Fort Office Mumbai latest by 14.05.2021 till 05:00 PM for Bank’s examination. Alternatively, the scanned copy of all the PQ document may be forwarded to mail id: abhayjoshi@rbi.org.in and anandmahadevan@rbi.org.in latest by 14.05.2021 till 05:00 PM. However those firms who have forwarded the scanned copies through mail has to submit the original copies of PQ documents on or before 07.06.2021 by 02:00 PM.

7. An EMD of Rs 36,000/- (Thirty Six Thousand Only) shall be submitted by the eligible tenderer on or before 07.06.2021 by 02:00 PM in the form and manner as prescribed in the Part-I of the tender.

8. Tender in prescribed form shall be submitted in two parts in online mode. Part-I tender will contain an online undertaking towards acceptance of Bank’s standard technical and commercial conditions for the proposed work, tenderers’ covering letter (scanned copy to be uploaded) and Part-2 ( Price bid) to be filled online.

9. Part I of the tenders will be opened at 3:00 PM on 07.06.2021 in the online mode. Part II of the online tender will be opened on subsequent date, with due intimation to the eligible tenderers.

10. The applicants /tenders have to submit in a sealed envelope /cover:

a) Client’s certificate as per format mentioned in the tender.

b) Banker’s certificate as per format mentioned in the tender.

The certificates should be addressed to Shri. Ajay Michyari, Regional Director, Reserve Bank of India, Estate Office, Fort Cell, 2nd Floor, Mumbai- 400 001 and shall be submitted on or before 05:00 PM on 14.05.2021 in a sealed envelope/cover to AGM (Admin), Estate Cell, Fort Office, Mumbai. The client’s certificate shall be accepted only when the same is signed by an official of the rank of Executive Engineer or equivalent in respect of a Government/Semi Government organization or a PSU. The client’s certificate issued by the private organizations shall also accompany Tax Deducted at Source (TDS) certificates. Applications/tenders received without the above certificates are liable for rejection. The Bank shall have the right to independently verify these certificates.

The Bank shall evaluate the said reports before evaluation of price bid of the tenderers. If any tenderer is not found to possess the required eligibility for participating in the tendering process at any point of time and/or his performance reports received from his clients and/or his bankers are found unsatisfactory, the Bank reserves the right to reject his offer even after opening of Part-I of the tender. The Bank is not bound to assign any reason for doing so.

11. The Bank is not bound to accept the lowest tender and reserves the right to accept either in full or in part any tender. The Bank also reserves the right to reject any or all the tenders without assigning any reason thereof.


SCHEDULE OF TENDER (SOT)

a. e-Tender no RBI/Mumbai/Mumbai/74/20-21/ET/721
b. Mode Of Tender e-Procurement System
(Online Part I – Techno-Commercial Bid and Part II – Price Bid through
(www.mstcecommerce.com/eprochome/rbi)
c. Date of NIT available to parties to download 23.04.2021at 11:00 AM onwards
d. Pre-Bid meeting 11:00 AM on 26.05.2021 at 2nd Floor, Estate Cell, Fort Office, Mumbai 400001
e. Earnest Money Deposit ₹ 36,000/- (Rupees Thirty Six Thousand only) by NEFT or in the form of DD on or before 2:00 PM on June 07, 2021.

The DD shall be submitted in sealed cover addressed by name to Shri Ajay Michyari, Regional Director, Main Office Building, Reserve Bank of India, Fort, Mumbai -400001 so as to reach Estate Office, Second Floor, Main Office Building, Reserve Bank of India, Fort, Mumbai- 400001

NEFT Details
A/c No – 04861436206
IFSC CODE – RBIS0MBPA04

f. Last date of submission of EMD June 07, 2021 till 2.00 PM
g. Last date of submission of Pre-Qualification (PQ) papers 14.05.2021 till 5:00 PM
h. Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eprochome/rbi April 23, 2021 from 11:00 AM onwards
i. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid June 07, 2021 till 2.00 PM
j. Date & time of opening of Part-I (i.e. Techno-Commercial Bid)

Part II of the online tender will be opened on same day or subsequent date, which will be intimated to the tenderers in advance.

June 07, 2021 at 3.00 PM

Shall be intimated to the eligible bidders subsequently

k. Transaction Fee Rs.1000/- plus GST @18%
To be paid through MSTC payment Gateway/ NEFT/RTGS in favour Of MSTC Ltd.

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