East Central Railway Tender

Description:- Description :only A Public Sector Bank/scheduled Commercial Indian Bank (notified By Rbi) Are Permitted To Participate In The Tenders Invited For Installation Of Atms On Railway Station Premises. Third Party I.e. The Authorized Agency Who Has/have Been Given Power Of Attorney By The Respective Banks For This Purpose Can Also Be Allowed To Participate In Tender Process On Behalf Of Bank(s., However The Agreement Shall Be Signed Only Between The Railways And The Concerned Banks. Bidders Are Requested To Offer Their Rate For First Year . 2) Reserve Price As Rs. 1/- (as Shown In The System) Is Indicative To Fulfillment Of Defined Slot In The Portal Of Ireps Which Should Not Be Assumed As Reserve Price For This Atm Location. Tender Is Being Called Without Any Reserve Price And Tenderer May Participate Accordingly. However, The Tenderer/bank With Highest Bidding As Licence Fee (first Year) Shall Be Awarded The Atm Location Otherwise Found Eligible As Per Eligibility Criteria. The Offered Rate /accepted Rate Will Be Increased Ten (10) % Every Year Subsequent To First Year. Tenderer Have To Pay Levy Of Gst As Applicable In Addition To Offered Rate By Him