Document title: Underwriting Auction for sale of Government Securities for ₹36,000 crore on November 06, 2026
Issuing authority: Reserve Bank of India
Reference number: 2026-2027/1445
Date: 06 November 2026
Capital Markets and Flows
The Government of India has announced the re‑issue of a total of ₹36,000 crore of government securities to be auctioned on 6 November 2026. Two securities are offered: a 7.06 % Government Security maturing in 2041 with a notified amount of ₹23,000 crore, and a 7.43 % Government Security maturing in 2076 with a notified amount of ₹13,000 crore. Under the underwriting commitment scheme notified on 14 November 2007, each Primary Dealer (PD) is required to undertake a Minimum Underwriting Commitment (MUC) and a Minimum Bidding Commitment under the Additional Competitive Underwriting (ACU) auction. The MUC and ACU minimum per PD are ₹548 crore for the 7.06 % GS 2041 issue and ₹310 crore for the 7.43 % GS 2076 issue. The underwriting auction will be conducted using a multiple price‑based method. PDs may 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 day of the underwriting auction.
Regulatory and Policy Measures
The underwriting commission earned by each PD will be credited to the PD’s current account with the RBI on the day the securities are issued. The auction process follows the underwriting commitment framework established in the 2007 scheme, ensuring that primary dealers have defined minimum underwriting and bidding obligations. The use of the e‑Kuber system for electronic bid submission reflects RBI’s ongoing digitalisation of market infrastructure.
The press release is identified as 2026‑2027/1445 and is issued by Deputy General Manager Ajit Prasad (Communications).