Auction of 91-Day, 182-Day and 364-Day Treasury Bills

The Reserve Bank of India recently announced the auction of three types of Government of India Treasury Bills: 91-Day, 182-Day, and 364-Day. The auction will occur on September 23, 2026, with settlement taking place on September 24, 2026. The total amount to be auctioned is 24,000 crore Indian Rupees. The sale is subject to terms outlined in the General Notification F.No.4(2)-B(W&M)/2018, which was issued on March 26, 2025 and may be amended over time.

Eligible participants include State Governments, Union Territories with legislatures, designated Foreign Central Banks, and various Indian financial entities. Individuals can also participate as retail investors, with allocations limited to 5 percent of the notified amounts. The auction will use a competitive bidding process, with non-competitive bids allowed outside the notified amounts.

To participate, retailers and individuals must submit bids electronically through the Reserve Bank's Core Banking Solution (E-Kuber system) on the auction date. Bids can be placed via the RBI's Retail Direct portal (https://rbiretaildirect.org.in). The bank will announce auction results on the same day. Payment must be made by successful bidders on the settlement date.

In case of technical issues, physical bids may be accepted as a backup, to be submitted to the Public Debt Office prior to the auction's end. Contact information for support and further inquiries is provided within the notification.