State Bank of India Empanelment of Verification Agencies for All Retail Loans Bengaluru Circle - 2026
Progress
Tender Overview
The State Bank of India (SBI) invites bids for the empanelment of verification agencies to handle all retail loan verifications within the Bengaluru circle. The procurement scope focuses on credential verification services for loan approvals across SBI’s retail portfolio in Bengaluru, Karnataka. A non-IFB style procurement emphasizes compliant bidders with formal EMD submission and robust post-award performance security. Key differentiator is the flexible contract framework allowing quantity/duration adjustments up to 50% as per Buyer terms. EMD amount is ₹100,000, with alternative EMD options outlined, including DD and fixed deposit receipts. Location context centers on Bengaluru, with service delivery tied to SBI procurement processes.
Technical Specifications & Requirements
- No explicit project specifications are provided in the tender text. However, the Buyer terms specify EMD and PBG frameworks and alternate EMD/PBG modalities.
- EMD amount: ₹100,000; acceptable forms include Account Payee Demand Draft in favor of State Bank of India, LHO Bengaluru or FDR in SBI Bengaluru account.
- Post-award security: performance security via DD or FDR; hard copies due within 15 days of award; scanned copies uploaded with bid.
- Contract scope references empanelment for verification services; no technical KPIs or service levels disclosed.
- General procurement terms permit scope/duration adjustments up to 50%.
Terms & Eligibility
- EMD/Performance Security options: DD or FDR in SBI Bengaluru accounts; submission of scanned copy plus hard copy delivery within specified windows.
- If successful, security deposits can be released or substituted with PBG per GeM GTC; additional timeframes for handing over original documents: 15 days post-award.
- Bidder must not be under liquidation or similar proceedings; must upload an undertaking to confirm financial stability.
- No explicit product performance metrics; selection hinges on compliance with EMD terms, eligibility certification, and contractual adaptability clauses.
Key Specifications
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- EMD amount: ₹100,000
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- EMD forms: Account Payee DD in favor of State Bank of India, LHO Bengaluru OR Fixed Deposit Receipt (FDR)
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- Alternative EMD/PBG: Security deposit via DD or FDR; PBG allowed per GeM GTC
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- Delivery timeline: Hard copies of EMD/FDR to be delivered within 5 days of Bid End/Opening date; original FDR within 15 days of award
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- Contract flexibility: 50% adjustment in quantity or duration at time of contract issuance and post-award
Terms & Conditions
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EMD must be submitted via DD or FDR; scanned copy uploaded with bid
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Hard copies must reach SBI Bengaluru within 5 days; post-award original documents within 15 days
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Performance security can be DD or FDR; PBG permissible under GeM GTC
Important Clauses
Payment Terms
Not specified in tender; contract allows 50% quantity/duration adjustment; EMD/ security deposits govern bid compliance
Delivery Schedule
Hard copy EMD/FDR delivery within 5 days of Bid End/Opening; post-award original FDR delivery within 15 days
Penalties/Liquidated Damages
Not specified; standard GeM/GTC penalties would apply if terms breached
Bidder Eligibility
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Not under liquidation or similar insolvency proceedings
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Evidence of financial stability through financial statements
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Experience certificates in verification services for retail loans
Tender Data
Bid Details
Quantity
1
Similar Category
Empanelment of Manpower Outsourcing Service Providers (UPCOS)
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
Yes
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
Yes
Requirements
Min. Avg. Annual Turnover
500
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Custom Bid for Services - REQUEST FOR PROPOSAL FOR EMPANELMENT OF VERIFICATION AGENCIES FOR ALL RETAIL LOANS IN BENGALURU CIRCLE
Advisory Bank
State Bank of India
ePBG Percentage
5%
ePBG Duration (Months)
15
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Bengaluru Urban
Delivery Pincodes
560001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Shiva Kumar Basappa | 560001,SBI LHO annex Building st. marks road, Bangaluru | Bengaluru Urban | Karnataka | 560001 | Project / Lumpsum Based | - | - |
Authority Records
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Documents 7
GeM-Bidding-10024193.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
2 Updates Update
Extended Deadline
29-Oct-2026, 6:30 am
Opening Date
30-Oct-2026, 6:30 am
Update
Categories
2
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Required Documents
GST registration certificate
PAN card
Experience certificates for verification services
Financial statements or solvency proof
EMD submission proof (DD or FDR) or scanned copy
Technical bid documents and compliance statements
OEM authorizations (if any) or vendor certifications
Undertaking of non-liquidity/court proceeding status
Frequently Asked Questions
Key insights about KARNATAKA tender market
How to bid for SBI Bengaluru verification agencies tender 2026
Bidders should prepare GST, PAN, and financials, plus prior experience in loan verification. Submit EMD of ₹100,000 via DD to State Bank of India, LHO Bengaluru or an FDR with proof. Ensure scanned documents and hard copies reach within the stated timelines; comply with 50% scope adjustment terms.
What documents are required for SBI empanelment in Bengaluru
Required documents include GST certificate, PAN, experience certificates in verification services, financial statements, EMD proof (DD or FDR), technical compliance documents, and OEM authorizations if applicable. An undertaking confirming no liquidation must be submitted as part of eligibility.
What are the EMD options for SBI verification tender Bengaluru
EMD options include a DD in favor of State Bank of India, LHO Bengaluru or an FDR pledged to SBI Bengaluru. Scanned proof must accompany bid, with the hard copy delivered within 5 days after bid end. Post-award, an original FDR/DD delivery within 15 days is required.
What is the contract flexibility for SBI Bengaluru loan verification
The buyer allows up to 50% increase in contract quantity or duration at contract issue and after award, with the bidder's consent. This applies to lumpsum-based service contracts and reflects SBI’s scalable verification needs for retail loans.
When is the delivery and acceptance timeline for EMD/FDR
Bidder must deliver scanned EMD/FDR proof with bid and provide hard copies within 5 days of bid end/opening. After contract award, the original EMD/FDR must be submitted within 15 days; acceptance depends on GeM/GTC compliance.
What are the eligibility criteria for SBI verification agency bids Bengaluru
Eligibility requires no liquidation proceedings, credible financial standing, and relevant verification service experience. Bidders should provide experience certificates, financial statements, GST/PAN credentials, and proof of EMD submission; ensure compliance with SBI procurement processes in Bengaluru.
What standards or certifications are expected for SBI procurement Bengaluru
The tender text does not specify particular standards; bidders should present standard business certifications and any relevant verification service credentials. Compliance with general GeM terms and SBI procurement rules is expected along with proper EMD/FDR-based security.
What is required for post-award security for SBI Bengaluru contract
Post-award security can be submitted as DD or FDR; if using FDR, ensure endorsement on the back and delivery of hard copy within 15 days. PBG is allowed per GeM GTC; ensure SBI Bengaluru account name reflects the seller’s entity.