The Reserve Bank of India has announced a forthcoming auction for Government of India Treasury Bills, aiming to raise a total of Rs 24,000 crore across three distinct tenure periods. The auction process is structured to manage short-term government borrowings through standardized debt instruments.
Auction Structure and Tenures
The borrowing programme is divided into three separate maturity categories with distinct notified amounts. The 91-day treasury bills carry a notified amount of Rs 9,000 crore. Meanwhile, the 182-day bills are set at Rs 8,000 crore, and the 364-day bills account for Rs 7,000 crore of the total notified sum. These financial instruments will follow the regulatory terms and conditions outlined in the general notification issued by the central government.
Bidding Schedule and Method
Bidding for the auction will take place electronically on Wednesday, July 29, 2026, utilizing the central bank’s Core Banking Solution, known as the E-Kuber system. The auction format will be price-based, employing a multiple price method. Participants must adhere to specific submission windows depending on their bidding category:
- Non-competitive bids: 10:30 am to 11:00 am
- Competitive bids: 10:30 am to 11:30 am
Auction results will be declared on the same day, while successful bidders are required to complete their payments by Thursday, July 30, 2026, which marks the official settlement date.
Participation Guidelines for Investors
A diverse group of entities is eligible to participate in the auction on a non-competitive basis, with allocations maintained outside the core notified amount. This group includes state governments, union territories possessing a legislature, eligible Indian provident funds, designated foreign central banks, and other authorized institutions.
Individual retail investors are also permitted to participate under the non-competitive scheme, subject to an allocation restriction capped at a maximum of 5 percent of the total notified amount. Retail participants can place their bids conveniently through the dedicated online portal managed by the central bank. Physical bids are strictly restricted to unforeseen system failures and must be submitted to the Public Debt Office before the designated deadlines using prescribed documentation.
Primary source: This independent news summary is based on official information from Reserve Bank of India. Read the original document for complete details.