The printers will be used at its regional branch in Kottayam, Kerala in the country's south, over 500 kilometres from Bangalore.
Publicly-owned Union Bank of India is in the market for 18 fast dot matrix printers for one of its branches.
The state-owned bank released the tender, which also asks for 18 passbook printers, that is expected to cost US$947 (54,000 rupees) in total.
The successful bidder will be responsible for setting up the dot matrix printers, which are expected to be compatible with Windows 7 and 8, as well as the Finacle core banking system.
These include the Lipi 2250 or Wep HQ 1600, the bank said in the tender.