Tender Title: Paper for Magnetic Ink Character Recognition (MICR) Cheque Printing (V2) as per IS 11087
Tender Reference Number: GEM/2025/B/6160869
Issuing Authority: Ministry of Finance, Banking Sector

The Ministry of Finance is seeking qualified suppliers to provide Paper for Magnetic Ink Character Recognition (MICR) Cheque Printing (V2) in accordance with IS 11087 standards. This tender involves a total quantity of 285,000 sheets of MICR paper, designed to meet high industry standards crucial for cheque printing processes used in banking.

Scope of Work and Objectives

The primary objective is to source high-quality MICR paper that aligns with the required specifications outlined in the IS 11087 standards, ensuring optimal performance in cheque production. This initiative aims to enhance the efficiency and reliability of cheque printing systems employed by financial institutions.

Eligibility Criteria

Eligible bidders must be registered businesses with relevant experience in the supply of paper products specifically utilized in banking operations. The bidders are expected to demonstrate compliance with all statutory regulations and must hold the necessary licenses to operate in this domain.

Technical Requirements

All proposals must adhere to specific technical requirements including:

• Conformance to IS 11087 standards.
• Provision of testing certifications confirming the paper's suitability for MICR printing.
• Detailed specifications of the paper including weight, size, and ink compatibility.

Financial Requirements

Bidders should provide comprehensive financial proposals along with supporting documents. This includes proven financial stability and the ability to furnish required guarantees, such as an Earnest Money Deposit (EMD).

Document Submission Details

Suppliers must submit their bids in a sealed envelope marked with the tender reference number. All necessary documentation, including technical specifications, financial forecasts, and compliance certificates, are to be included within the submission package.

Special Provisions

This tender acknowledges the contributions of Micro, Small, and Medium Enterprises (MSEs) by providing special considerations aimed at enhancing their participation in government tenders. Preferential treatment will be afforded to proposals that highlight MSE involvement.

Evaluation Process

Bids will be evaluated based on predetermined criteria which include technical compliance, financial viability, and adherence to regulatory standards. The selection committee reserves the right to conduct further discussions with any bidder if necessary.

Delivery Locations

The successful bidder will be responsible for delivering the MICR paper to designated banking institutions as stipulated in the tender documents. Detailed delivery logistics shall be finalized post-evaluation of bids.

Contact Information

For any inquiries or further clarification regarding the requirements or submission process, kindly refer to the official channels outlined in the tender documentation. It is advised to contact the Ministry of Finance directly, as they will oversee the tender management process.