SBI Consultant RFP 2026: Benchmark Rates, Margin and POS/QR/Soundbox Shared Services Review – EMD ₹5 Lakh, Last Date 19 October
State Bank of India has invited proposals (RFP No. TBS/RFP/MABC/2026-27/003) to select a consultant firm for computing benchmark rates and margins and reviewing the shared-services arrangement for POS, QR and Soundbox. EMD ₹5 lakh, last date 19 October 2026.
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Quick Glance
| Point | Details |
|---|---|
| Issuing authority | State Bank of India, Transaction Banking (TBS), Corporate Centre, Mumbai |
| RFP number | TBS/RFP/MABC/2026-27/003 dated 25.09.2026 |
| Scope | Consultant firm for computation of benchmark rates and margin, and review of the shared services arrangement of POS, QR and Soundbox |
| Contract period | 50 months |
| Tender fee | ₹5,000 (non-refundable) |
| EMD | ₹5,00,000 |
| Last date | 19 October 2026, 3:00 PM |
| Portal | etender.sbi (online bids only) |
Overview
State Bank of India (SBI) has issued a Request for Proposal (RFP) for the selection of a consultant firm for the computation of benchmark rates and margin and a review of the shared services arrangement for its POS terminals, QR codes and Soundbox devices. The RFP was issued by the Transaction Banking (TBS) department at the bank's Corporate Centre in Mumbai on 25 September 2026.
The detailed scope of work is given in Appendix-E of the RFP document, which is available on the SBI website under Procurement News.
Schedule of Events
| Event | Date and Time |
|---|---|
| Bid document availability | 25.09.2026 to 19.10.2026 |
| Last date for clarification requests | 30.09.2026, 4:00 PM |
| Pre-bid meeting | 03.10.2026, 3:00 PM – 4:00 PM (at venue or online) |
| Clarifications to pre-bid queries | 09.10.2026 |
| Last date and time of bid submission | 19.10.2026, 3:00 PM |
| Technical bid opening | 19.10.2026, 3:30 PM |
| Price bid opening | Later, for technically qualified bidders only |
Financial Terms
| Item | Details |
|---|---|
| Tender fee | ₹5,000, non-refundable |
| Earnest Money Deposit | ₹5,00,000, valid for 180 days from the last date of bid submission |
| Performance Bank Guarantee | 5% of the project cost, valid for 4 years 3 months |
| EMD / fee exemption | As per the RFP appendix on exemption (MSE / Startup rules) |
Eligibility
The eligibility criteria (Appendix-B) and technical criteria (Appendix-C) are given in the RFP document. Interested consultancy firms should read these appendices carefully and keep supporting documents – such as turnover, experience and registration proofs – ready before bidding.
How to Submit the Bid
Step 1: Download the RFP from the SBI website (Procurement News section).
Step 2: Send any clarification requests by 30 September 2026, 4:00 PM, and attend the pre-bid meeting on 3 October if needed.
Step 3: Register on the etender.sbi portal (service provider: e-Procurement Technologies Ltd).
Step 4: Upload the technical and price bids with the tender fee and EMD (or exemption proof) before 3:00 PM on 19 October 2026.
Bids are accepted online only.
Frequently Asked Questions
Q1. What is the RFP number?
TBS/RFP/MABC/2026-27/003.
Q2. What is the EMD?
₹5 lakh, plus a non-refundable tender fee of ₹5,000.
Q3. What is the last date for bid submission?
19 October 2026, 3:00 PM.
Q4. How long is the contract?
50 months.
Conclusion
Consultancy firms with experience in payments pricing and merchant acquiring should review the full RFP on the SBI website, raise queries before 30 September and submit their bids on etender.sbi before the 19 October 2026 deadline. Always follow the official RFP and any corrigendum issued by SBI.