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

The Reserve Bank of India is set to auction Government of India Treasury Bills, with the initial announcement detailing four different maturity periods. The 91-day Treasury Bill, amounting to ₹9,000 crore, is scheduled for auction on September 30, 2026, with settlement occurring on October 01, 2026. The 182-day and 364-day Treasury Bills, valued at ₹8,000 crore and ₹7,000 crore respectively, also have their respective auction dates and settlement dates.

The auction will adhere to terms outlined in the General Notification F.No.4(2)-B(W&M)/2018, with amendments that could be made over time. Eligible participants include State Governments, Union Territories with legislatures, eligible Provident Funds, designated Foreign Central Banks, and individuals or institutions designated by the Bank. This includes a retail investor category, with allocations capped at five percent of the notified amount. Retail investors can participate through the RBI's Retail Direct portal.

The auction will utilize a price-based multiple price method, with bids submitted electronically through the Reserve Bank of India’s Core Banking Solution (E-Kuber system). Competitive bidding will take place from 10:30 am to 11:30 am, while non-competitive bids will be accepted until 11:00 am. Results are expected to be announced on the day of the auction.

Payment for successful bidders is due by October 01, 2026, barring any system failures. In such cases, physical bids can be submitted to the Public Debt Office, adhering to the prescribed form available on the RBI's website.

For technical or other auction-related issues, the Core Banking Operations Team or the IDMD auction team can be reached via email or phone. Ajit Prasad, Deputy General Manager (Communications), serves as the primary contact for press inquiries.