(Tender NIT No: RBI/HRMD-CO Central Office Departments/Others/9/24-25/ET/845) An offline Pre-bid meeting on the captioned subject was held at Central office Building 20th floor, Reserve Bank of India, Mumbai on February 07, 2025 (Friday) at 1600 hrs. i. List of the Bank’s Officials who attended the meeting: | S. No. | Name | Designation | | 1 | Shri Ashwani Kumar Dixit | Assistant General Manager | | 2 | Shri Acharya Sagar Vikash | Assistant General Manager | | 3 | Shri Nelson P B | Manager | ii. List of representatives from the firms who attended the meeting: | S. No. | Name of the representative | Name of the firm | | 1. | Shri Mihir Kumar | State Bank of India | | 2. | Shri Rahul Sareen | State Bank of India | | 3. | Shri Rahul Bhattacharya | M/s HDFC Life Insurance | | 4. | Ms. Havovi Bhosle | M/s HDFC Life Insurance | | 5. | Ms. Rekha Gangwani | M/s SBI Pension Funds | | 6. | Shri Sandeep Pavani | M/s SBI Pension Funds | | 7. | Shri Sameer Kuber | M/s UTI Pension Fund | 2. The queries/suggestion raised by the participants and the comments by the Bank are as below: | SI.No. | Query | Our Response | | i. | Whether price evaluation formula will be revised considering the recent instruction of PFRDA regarding POP charges. | A corrigendum is being issued in the matter, separately. | | ii. | Requested for modifying the technical evaluation criteria by lowering slabs for corporate subscriber base and corporate and reducing the 2000 subscriber threshold per corporate. | The request has been examined but it has been decided not to accede to, as the existing evaluation criteria is designed to ensure the selection of bidders with proven capacity and comprehensive expertise in NPS operations, which are critical for maintaining service quality. | | iii. | To consider a 70:30 ratio between technical and financial criteria? | The evaluation process has been revised. Please refer to the corrigendum issued in this regard. | | iv | To consider a POP having maximum Central PSU's for the Tie breaker criteria. | The current technical evaluation parameter already includes specific criteria for handling PSU and PSE accounts of both Central and State, both in terms of the number of accounts and subscribers managed, which is more comprehensive.
Therefore, no change in the current tie breaker criteria is found to be necessary. However, a corrigendum is being issued for modifying the tie breaker clause consequent to revision of evaluation process. | | v | To remove the technical evaluation criteria regarding bidder having PFRDA registration to operate as POP and Pension Fund Manager | The allocation of 10 marks for bidders holding both POP and Pension Fund Manager (PFM) is intended to ensure that only well-established players with comprehensive expertise in the NPS ecosystem are selected. This criterion prioritizes bidders with proven capabilities in managing not just the operational aspects as a POP but also the critical fund management functions, reflecting a holistic understanding of the NPS framework.
Therefore, no change in the said criteria is found to be necessary. | Note: The intending participants are advised that no deviation in RFP terms and conditions will be accepted by the Bank and all bidders have to strictly adhere to the conditions as mentioned in the RFP and corrigendum issued, if any. | |