The Reserve Bank of India has released the calendar for the auction of Treasury Bills for the quarter ending September 2026. The calendar has been issued in consultation with the Government of India, according to RBI Press Release 2026-2027/547.
The total notified amount for Treasury Bill auctions during July to September 2026 is ₹3,36,000 crore. The calendar covers three maturities: 91 days, 182 days and 364 days.
For each scheduled auction, the notified amount is ₹24,000 crore. This includes ₹9,000 crore for 91-day Treasury Bills, ₹8,000 crore for 182-day Treasury Bills and ₹7,000 crore for 364-day Treasury Bills.
Quarterly notified amounts
Across the full quarter, the notified amounts are as follows:
- 91-day Treasury Bills: ₹1,26,000 crore
- 182-day Treasury Bills: ₹1,12,000 crore
- 364-day Treasury Bills: ₹98,000 crore
- Total: ₹3,36,000 crore
July 2026 auction schedule
Five Treasury Bill auctions are listed for July 2026. Each auction carries a total notified amount of ₹24,000 crore across the three maturities.
- July 01, 2026 auction; issue date July 02, 2026
- July 08, 2026 auction; issue date July 09, 2026
- July 15, 2026 auction; issue date July 16, 2026
- July 22, 2026 auction; issue date July 23, 2026
- July 29, 2026 auction; issue date July 30, 2026
August 2026 auction schedule
The RBI calendar lists four auctions in August 2026. The same maturity-wise notified amounts apply for each auction: ₹9,000 crore for 91 days, ₹8,000 crore for 182 days and ₹7,000 crore for 364 days.
- August 05, 2026 auction; issue date August 06, 2026
- August 12, 2026 auction; issue date August 13, 2026
- August 19, 2026 auction; issue date August 20, 2026
- August 27, 2026 auction; issue date August 28, 2026
September 2026 auction schedule
Five auctions are scheduled in September 2026. The final auction of the quarter is listed on September 30, with the issue date falling on October 01, 2026.
- September 02, 2026 auction; issue date September 03, 2026
- September 09, 2026 auction; issue date September 10, 2026
- September 16, 2026 auction; issue date September 17, 2026
- September 23, 2026 auction; issue date September 24, 2026
- September 30, 2026 auction; issue date October 01, 2026
Calendar may be changed with notice
The RBI said it will have flexibility, in consultation with the Government of India, to modify the indicated amount and timing of Treasury Bill auctions. Such changes may depend on the Government of India’s requirements, market conditions and other relevant factors.
The release also states that the calendar is subject to change if circumstances require it, including for reasons such as intervening holidays. Any such change will be communicated through press releases.
The auctions will be subject to the terms and conditions specified in General Notification No. F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by the Government of India, as amended from time to time.
The press release was signed by Brij Raj, Chief General Manager.
Source: Reserve Bank of India Press Releases.