The Reserve Bank of India (RBI) has announced an auction of Government of India Treasury Bills totaling ₹23,000 crore scheduled for October 7, 2026. The auction will include 91-day and 182-day bills worth ₹8,000 crore each, and 364-day bills worth ₹7,000 crore. Settlement for the auction will take place on October 8, 2026, according to the RBI website.
Bids for the auction must be submitted electronically via the RBI’s Core Banking Solution (E-Kuber system) between 12:30 pm and 1:30 pm on the auction date. The auction will use a price-based multiple price method. Eligible participants include State Governments, Union Territories with legislatures, Provident Funds, designated Foreign Central Banks, and other specified institutions. Retail investors can also participate on a non-competitive basis through the RBI’s Retail Direct portal, with a maximum allocation capped at 5 percent of the notified amount.
This auction is part of the RBI’s regular debt management operations to meet government financing needs. Treasury bills are short-term government securities that help manage liquidity and provide risk-free investment options. The ₹23,000 crore notified amount reflects ongoing government borrowing requirements, aligning with previous auctions and market expectations. The inclusion of non-competitive bids encourages wider participation from retail investors and smaller entities, supporting market depth.
The auction details and terms are governed by the General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, as amended. The RBI’s announcement on October 3, 2026, sets the stage for the next government borrowing event, with the auction scheduled for October 7 and settlement on October 8, 2026.