Bank of Baroda, Alkapuri Baroda, Gujarat
RFP for Appointment of concurrent audits for accounts opened / RE-KYC / KYC Updation / CDD of authorised signatories and Beneficial Owners (BOs) in case of Legal Entity (LE) / any other activity as proposed by the RBI / Bank through V-CIP process conducted by the V-CIP cells
Request for Proposal
Appointment of Concurrent Auditor for carrying out concurrent audits for accounts opened / RE-KYC / KYC Updation / CDD of authorised signatories and Beneficial Owners (BOs) in case of Legal Entity (LE) / any other activity as proposed by the RBI / Bank through Video Based Customer Identification Process (V-CIP) conducted by the V-CIP cells.
Date: 18th May, 2022
RFP Reference: RFP: KYC-AML: 114/1
Key Information on the RFP Response Submission:
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# |
Particulars | Timeline |
| 1. | RFP Issuance Date | 18th May 2022 |
| 2. | RFP Co-ordinator | Amar Gupta |
| Telephone | 0265-2316793 / 2316752 | |
| Email id | [email protected] | |
| 3. | Address for Proposal Submission
E Mail Id for Submission of Technical & Financial Proposal |
Bank of Baroda
KYC-AML Dept. 7th Floor, R C Dutt Road, Alkapuri |
| 4. | Last Date of Written request for Clarifications | 05.00 PM 28th May 2022 |
| 5. | Reply to individual pre bid query | 05.00 PM on 31st May 2022 |
| 6. | Last Date of Submission of RFP Response (Closing Date) | 03.00 PM Dated 07th June 2022
In case, Bidders opt for submission of Proposal through E Mail. 1. Bidders will be required to submit their Eligibility and Technical bids with all documents as attachment on email 2. Commercial bid will be emailed as a separate pdf attachment, which will be password protected. 3. The Bank will seek password of commercial bid on email from only those bidders who qualify on Eligibility and Technical grounds as mentioned in RFP 4. Bidders are strictly advised not to share the password for Commercial bid along with their submissions. 5. All bids should be e-mailed to |
| 6 | Opening of Eligibility Cum Technical Bid | 11.30 AM, 9th June 2022 |
| 7 | Date for presentation | Eligible short-listed bidders may be invited for a presentation on the Technical Proposal at the discretion of the management. Date for the presentation will be communicated to the short-listed bidders; the Bank’s decision is final in this regard. |
| 8 | Opening of Financial Bid | The Financial Proposals of only those who qualify in Technical Proposal will be opened. The date for opening of the Financial Proposal would be communicated separately only to those bidders who are eligible and Technically qualified. |
| 9 | Application Money | INR 5,000/- (Rupees Five Thousand Only) by DD / Pay Order in favour of ‘Bank of Baroda’ payable at Baroda issued by schedule commercial Bank and should be valid minimum up to 18-08-2022.
In case, Bidders opt for submission of Proposal through E Mail, Application Money to be deposited in the Banks account through NEFT as per following detail: (UTR Details to be submitted in Annexure 14) A/c Name – Bank of Baroda, H.O., Office Admin A/C No – 02000400000062 IFSC Code – BARB0ALKAPU (Please note – Zero at fifth place) (UTR Details to be submitted in Annexure 14) |
| 10 | Earnest Money Deposit or EMD
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Bid security (Earnest Money deposit) INR 40,000/- (Rupees Forty Thousand Only) by DD / Pay Order payable in favour of ‘Bank of Baroda’ at Baroda or by Bank Guarantee issued by schedule commercial Bank other than Bank of Baroda and should be valid up to 31.12.2022. (In the format given in Annexure 12)
In case, Bidders opt for submission of Proposal through E Mail, EMD to be deposited in the account through NEFT as per following detail: A/c Name – Bank of Baroda, H.O., Office Admin A/C No – 02000400000062 IFSC Code – BARB0ALKAPU (Please note – Zero at fifth place) (UTR Details to be submitted in Annexure 14) For Micro and small Enterprises (MSEs) and the start-up firm registered with the concerned Ministries / Departments: “Bid Security Declaration” as per Annexure 15 for exemption of EMD, if applicable. |
NOTE: – The payment of Application Money & Earnest Money Deposit should be made separately, if payment is being made through online transfer/NEFT narration of “V-CIP RFP” to be mentioned in remarks column.
– The Bank shall not be responsible if any e-mail is not received by the Bank/Bounced back. The bidder to confirm with the Bank over phone immediately after sending the application for the Bid.
Definition of Terms used in the RFP:
Following terms are used in the document interchangeably to mean:
1. “Assignment / Job/ Engagement” means the work to be performed by the selected Bidder pursuant to the Contract
2. “Bank or BOB” means Bank of Baroda
3. “BCC” means Baroda Corporate Centre, Bandra Kurla Complex, Mumbai
4. “Day” means business day
5. “ICAI” means Institute of Chartered Accountants of India
6. “Personnel/ Resources” means professionals and support staff provided by the selected Bidder
7. “Proposal/ Bid/ Tender” means Response to the RFP Document
8. “RBI” means Reserve Bank of India
9. “Recipient, Respondent, Consultant and Bidder” means interested and eligible applicants responding to this RFP for Concurrent Audit
10. “Successful/ Selected Bidder” means the bidder selected as the successful bidder by the Bank in accordance with this RFP who is also referred to as ‘Concurrent Audit Firm’
11. “V-CIP” means Video Based Customer Identification Process
12. “CDD” means Customer Due Diligence
13. -3- VCIP Centres/Cells means VCIP centre at Gandhinagar, Bengaluru and New Delhi.
