Document title: Auction of 91-Day, 182-Day and 364-Day Treasury Bills
Issuing authority: Reserve Bank of India
Reference: Press Release 2026-2027/608
Date: 03 July 2026
Policy Rates and Liquidity
The Reserve Bank of India (RBI) announced the auction of Government of India Treasury Bills totalling ₹24,000 crore, comprising ₹9,000 crore of 91‑day, ₹8,000 crore of 182‑day and ₹7,000 crore of 364‑day securities. The 182‑day and 364‑day bills are scheduled for auction on Wednesday, 8 July 2026 with settlement on Thursday, 9 July 2026; the auction date for the 91‑day bill is not specified in the release. The auction will be conducted on a price‑based multiple‑price method.
Capital Markets and Flows
Bids must be submitted electronically through the RBI’s Core Banking Solution (E‑Kuber) on 8 July 2026. Results will be announced on the same day, and successful bidders are required to make payment on 9 July 2026. In the event of a technical failure, physical bids may be submitted to the Public Debt Office using the prescribed form available on the RBI website. Contact details for technical and auction‑related assistance are provided in the notice.
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 on a non‑competitive basis, but their allocation is capped at 5 % of the notified amount for each tenor. The terms and conditions are governed by General Notification F.No.4(2)-B(W&M)/2018 dated 26 March 2025, as amended.
The announcement reflects RBI’s ongoing liquidity management operations through Treasury Bill auctions, providing a mechanism for market participants to place short‑term funds and for the central bank to fine‑tune money‑market conditions.