Document title: Auction of 91-Day, 182-Day and 364-Day Treasury Bills
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1300
Date: October 09, 2026
Policy rates and liquidity
The Reserve Bank of India is conducting a price‑based, multiple‑price auction of Treasury Bills to manage market liquidity. The notified amounts are ₹8,000 crore each for the 91‑day and 182‑day issues and ₹7,000 crore for the 364‑day issue, bringing the total issuance to ₹23,000 crore. The auction will be held on Wednesday, October 14, 2026, with settlement scheduled for Thursday, October 15, 2026. Results will be announced on the day of the auction.
Capital markets and flows
Bids must be submitted electronically through the RBI’s Core Banking Solution (E‑Kuber) between 10:30 am and 11:00 am on the auction date. The auction is open to a wide range of participants on a non‑competitive basis, including 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 participate on a non‑competitive basis, but their allocation is capped at a maximum of 5 % of the notified amount for each issue. In the event of a system failure, physical bids may be submitted to the Public Debt Office using the prescribed form, with contact details provided for technical assistance.
Regulatory and policy measures
The auction follows the General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, as amended from time to time. The multiple‑price method will be used to determine the clearing price for each issue. For technical difficulties related to the Core Banking Operations Team, bidders can contact the team via the provided email and phone numbers. For other auction‑related queries, the IDMD auction team is available through the listed contacts. The press release is signed by Deputy General Manager Ajit Prasad (Communications).
The RBI’s Treasury Bill auction on October 14‑15, 2026, represents a routine liquidity‑management operation, offering ₹23,000 crore of short‑term government securities across three tenors, with detailed participation guidelines for institutional and retail investors.