RBI Bhopal Concurrent Auditor Tender Closes Today at 2 PM; ₹12.84 Lakh Estimate, ₹25,680 EMD

The Reserve Bank of India’s Bhopal office is in the final hours of its e-tender for appointment of a concurrent auditor for the period October 1, 2026 to September 30, 2027. RBI’s official tender page fixes the online bid-submission deadline at 2:00 PM on September 2, 2026, making this a same-day action item for eligible firms that have already prepared their technical and financial bids.

The tender is being run through the Central Public Procurement Portal under a two-bid system. RBI identifies the e-tender as RBI/Bhopal/HRMD/1/26-27/ET and the CPPP Tender ID as 2026_RBI_285868_1. Part I is the technical bid and Part II is the financial bid.

Key dates and financial parameters

RBI published the tender notice on July 31, 2026. A pre-bid meeting was scheduled for August 21, and the minutes were to be published on August 24. Online submission opened from 3:00 PM on August 24 and closes today, September 2, at 2:00 PM. The technical bids are scheduled to open at 3:00 PM on September 3, 2026.

- Estimated tender value: ₹12.84 lakh excluding GST, calculated by RBI at ₹1.07 lakh per month for 12 months.

- Earnest Money Deposit: ₹25,680.

- EMD cut-off: RBI says the EMD must be received on or before 1:00 PM on September 2.

- Performance Bank Guarantee: 5% of the estimated tender value or contract value, to be submitted by the successful bidder.

- Technical-bid opening: September 3 at 3:00 PM.

The RBI notice specifies NEFT, bank guarantee or demand draft as the stated modes for the EMD, subject to the tender conditions. Firms should rely on the official tender documents for the exact procedural and eligibility requirements rather than using a summary as a substitute for the bid package.

Initial appointment is for one year

The assignment covers the one-year period beginning October 1, 2026. RBI’s tender page also states that there is a provision for reappointment for a maximum of two additional years, one year at a time, subject to satisfactory performance under RBI Bhopal’s annual appraisal system. That makes the opportunity more significant than a one-off short engagement, although any continuation is expressly conditional rather than automatic.

Two-bid process matters for submission

The financial bid is not scheduled to be opened for every applicant at the same time as the technical bid. RBI says Part II will be opened electronically only for bidders whose Part I technical bid is found acceptable, with the relevant bidders to be informed separately by email.

For professional firms, that means the immediate priority is not only pricing. The technical submission must be complete and compliant with the official tender documents, while the financial bid must be uploaded in the prescribed manner on CPPP. Firms should also confirm that their portal registration, digital-signature access and upload permissions are working before the closing hour.

What firms should check before the cut-off

- Confirm that the CPPP technical and financial bid packages are fully uploaded and saved.

- Verify that the EMD has been remitted or furnished in the permitted form within the earlier 1:00 PM cut-off.

- Reconcile all declarations and attachments against RBI’s tender document and pre-bid clarifications.

- Retain the portal acknowledgement and transaction evidence after final submission.

- Avoid waiting until the final minutes because the official closing time is 2:00 PM today.

Practical takeaway: the RBI Bhopal concurrent-audit tender is a live same-day professional opportunity with a clearly stated ₹12.84 lakh estimated value, ₹25,680 EMD and a one-year initial term that can potentially be renewed twice. Interested firms should use RBI’s official tender page and CPPP immediately and treat the 1:00 PM EMD and 2:00 PM bid deadlines as hard operational cut-offs unless RBI issues a formal change.

Key takeaway

Same-day deadline plus an exact first-party RBI tender page creates high practical and search value for eligible audit firms.