Document title: Auction of 91-Day, 182-Day and 364-Day Treasury Bills
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1464
Date: November 06, 2026
Policy rates and liquidity
The Reserve Bank of India (RBI) announced the auction of Government of India Treasury Bills to manage market liquidity. The notified amounts are ₹8,000 crore each for the 91‑day and 182‑day bills and ₹7,000 crore for the 364‑day bill, bringing the total issue size to ₹23,000 crore. The auction will be price‑based using the multiple price method. Bidding will take place on Wednesday, November 11, 2026, with settlement scheduled for Thursday, November 12, 2026. Results will be announced on the auction day.
Capital markets and flows
Eligibility extends to State Governments, Union Territories with legislatures, eligible Provident Funds, designated foreign central banks, and any person or institution specified by the RBI on a non‑competitive basis. Retail investors may participate on a non‑competitive basis, but their allocation is capped at a maximum of 5 percent of the notified amount for each issue. Competitive bids must be submitted between 10:30 am and 11:30 am, while non‑competitive bids are accepted from 10:30 am to 11:00 am, both through the RBI’s Core Banking Solution (E‑Kuber system). 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. Contact details for technical and auction‑related assistance are provided in the notice.
Regulatory and policy measures
The auction is conducted under the terms and conditions of General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, as amended from time to time. Allocations for participants specified by the Bank, such as state governments and foreign central banks, will be made outside the notified amount. The RBI reiterates that the auction process follows the established legal framework and that all participants must adhere to the stipulated procedures.
The RBI’s Treasury Bill auction aims to inject ₹23,000 crore of short‑term government securities into the market, providing a tool for liquidity management while offering a range of tenors to meet diverse investor needs.