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| Circular number | Commercial Circular No. 03 of 2001 |
|---|---|
| Date | 2001-01-22 |
| Type | Commercial Circular |
| Topic | nfr-eauction |
| Official PDF | indianrailways.gov.in |
Inetallation of Automatic Teller Machines (ATM) (Commercial Circular No. 3 of 2001) Agreement for Installation of Automatic Teller Machine at Railway Station.
Gowarnment of India(Bharat Sarkar) Ministry of Raliwaye _ (Railway Board) No.98/TG.1/10/P/ATM New Delhi, dated 22.01.2001 All Zonal Railways Sub: Inetallation of Automatic Teller Machines (ATM) (Commercial Circular No. 3 of 2001) __ The question of installation of Automatic Teller Machine (ATM) by the Banks has been under consideration of the Ministry of Rallways, The matter has been considered and it hes been decided that the Railway should permit installation of ATMs. To begin with, this policy can be adopted at all Model stations The broad terms and conditions are enclosed, Necessary action may pleese be taleen sccordingly. woke Executive Director Passenger Marketing Raliway Board. NO.98/TG.1/10/P/ATM कि New Dethi, dated 22.01.2001 to: _ | iid The FA&CAO, All Indian Railways (with 5 spare copies) 2. The DAI/Raliways (with 45 spare copies) For Fi TE rte CCMs. CSTEs, CEEs/CEs, All Indian Rallways. . EDFX, EDFX/LR, EDFC, EDFB and EDLM, Railway Board. Automatic Teller Machine (ATM) allows customers having credit cards to avail the facility to withdraw cash, balance accounts and deposit cash/cheque round the clock; = "... ' ne . Automatic Teller Machines will be Installed at important stations of Indian "allways to facittate the passengers to withdraw cash through their Credit Cards, "These facilities are to be encouraged as these are helpful to the travelling passengers. Initially ATM's shall be permitted on ‘A class stations only, The basic criteria being the availability of a reputed bank to work the AT™s, TT. Working of ATMs "ATMs ‘will’ be installed’ and operated by reputed banks: which ‘will ‘be selected for offers from artiongst’ reputed banks through press’ advertisements. The bank is tequiired'to enter Into an agreement before Instailling an ATM at any Railway Station: This’ Agreement should incorporate detailed | terms “and conditions for working of ATM and payment schedule to the Railways, Since only limited number of ATMs can be provided at rallway station, the bank should be selected by two packet tenders - technical: bid-and-financial bid, First technical bids should be opened. The financial bid of those banks which are Sultable should be opened and contract awarded to highest bidder, A Committee of JA Grade officers belonging to Commercial, Accounts and Engineering Departments Is required to be formed for evaluating the offers. The 4 teller machine at _._ Station” should be submitted to. the concerned feiway on the date as indicated’ in: the Sdvertiserient The tenders should be opened on the same day at nominated tiie in the presence of the tenderers or their authorized representatives 10. -Fhe-offers should be accompanied with the followings (@) Address of the tenderers, (b) Past experience (if any) : (०) Copy of the Partnership deed and incorporation deed in India (In case of Partnership firm) (d) Copy of the memorandum and Articles of Association of the Company (¢).... RBI's approval to operate ATM and banking services in India fete yas Agreement for Installation of Automatic Teller Machine at Railway Station. | _ This agreement made at a ON 2001 between President of India action through Chief Traffic Manager/Sr. Divi. Commi, Manager, hereinafter referred to as the Railway Admn. (which expression shail include the successors and assignors) on the one part and M/s hereinafter referred as to Seer eesti tthtrenretanerypy . . licensee (which expression shail include its successors and assignors) on the — other part. Now it is hereby agreed by the parties hereto as follows:- , 1. That in Consideration of Payment of Rs, ———-.______. (here Enter the license fee for first year) half of which will be paid in advance ' before the commencement cf the license and the balance will be paid in the beginning of the Second half of the year. For subsequent years the license _ fee will have an 10% increase over the previous year's license fee: The Payment will be made in half yearly equal ins
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