Document Title: Auction of 91-Day, 182-Day and 364-Day Treasury Bills
Issuing Authority: Reserve Bank of India
Reference: Press Release: 2026-2027/449 (Communications)
Date: 12 June 2026
Policy Rates and Liquidity
The RBI is conducting a Treasury Bill auction to manage market liquidity. The notified amounts are ₹12,000 crore for the 91‑day bill and ₹6,000 crore each for the 182‑day and 364‑day bills, bringing the total issuance to ₹24,000 crore.
Capital Markets and Flows
The auction will be price‑based using the multiple‑price method. Bids for the 182‑day and 364‑day tenors are scheduled for Wednesday, 17 June 2026, with settlement on Thursday, 18 June 2026; the auction date for the 91‑day bill is not specified in the release. Results will be announced on the auction day. Successful bidders must make payment on 18 June 2026.
Regulatory and Policy Measures
Participation is open on a non‑competitive basis to state governments, union territories with legislatures, eligible provident funds, designated foreign central banks and any other persons or institutions specified by the RBI. Retail investors may also bid non‑competitively, but their allocation is capped at 5 % of the notified amount for each bill. Bids must be submitted electronically through the RBI’s Core Banking Solution (E‑Kuber system) during the prescribed timings on 17 June 2026. In the event of a system failure, physical bids may be submitted to the Public Debt Office using the prescribed form available on the RBI website. Technical assistance contacts are provided for the Core Banking Operations Team and the IDMD auction team. The release is signed by Ajit Prasad, Deputy General Manager.
The RBI’s Treasury Bill auction of ₹24,000 crore across three tenors on 17‑18 June 2026 reflects its ongoing liquidity management operations, offering both institutional and retail participants defined avenues for participation under a multiple‑price, price‑based framework.