Document title: Underwriting Auction for sale of Government Securities for ₹33,000 crore on October 30, 2026
Issuing authority: Reserve Bank of India
Reference number: 2026-2027/1402
Date: October 29, 2026
Capital Markets and Flows
The Government of India has announced a re‑issue of Government Securities amounting to ₹33,000 crore, to be auctioned on October 30, 2026. Four securities are included: 6.20% Government Security (GS) maturing in 2029 with a notified amount of ₹9,000 crore, 6.57% GS 2033 with ₹12,000 crore, 7.63% GS 2056 with ₹9,000 crore, and 7.50% GOI Special Government Bond (SGrB) 2056 with ₹3,000 crore.
Banking and Credit
Under the underwriting commitment scheme dated November 14, 2007, each Primary Dealer (PD) is required to meet a Minimum Underwriting Commitment (MUC) of ₹215 crore for the three standard securities and ₹72 crore for the GOI SGrB 2056. The same amounts constitute the minimum bidding commitment per PD under the Additional Competitive Underwriting (ACU) auction.
Regulatory and Policy Measures
The underwriting auction will be conducted using a multiple price‑based method. PDs must submit their ACU bids electronically through the RBI’s Core Banking Solution (e‑Kuber system) between 09:00 A.M. and 09:30 A.M. on the auction day. The underwriting commission earned by each PD will be credited to its current account with the RBI on the day the securities are issued.
This announcement outlines the procedural and quantitative details of the upcoming government securities underwriting auction without indicating any change in broader monetary or fiscal stance.