The Reserve Bank of India has announced an auction of Government of India Treasury Bills with a total notified amount of ₹24,000 crore. The auction is scheduled for Wednesday, July 15, 2026, and settlement will take place on Thursday, July 16, 2026.
The notice covers three Treasury Bill tenors: 91-day, 182-day and 364-day. The auction will be conducted through the Reserve Bank of India’s Core Banking Solution, known as the E-Kuber system.
Details of the Treasury Bill auction
- 91-Day Treasury Bill: ₹9,000 crore
- 182-Day Treasury Bill: ₹8,000 crore
- 364-Day Treasury Bill: ₹7,000 crore
- Total notified amount: ₹24,000 crore
All three securities will be auctioned on July 15, 2026. Payment by successful bidders has to be made on July 16, 2026.
Terms and eligible participants
The sale will be subject to the terms and conditions in the Government of India’s General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, as amended from time to time.
State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks, and other persons or institutions specified by the RBI can participate on a non-competitive basis. The allocation for these participants will be outside the notified amount.
Individuals can also participate on a non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors may place bids under the non-competitive scheme through the Retail Direct portal.
Bidding method and timings
The auction will be price-based and will use the multiple price method. Bids must be submitted electronically on the RBI’s E-Kuber system on Wednesday, July 15, 2026.
- Competitive bids: 10:30 am to 11:30 am
- Non-competitive bids: 10:30 am to 11:00 am
The results will be announced on the day of the auction.
Procedure in case of system failure
Physical bids will be accepted only if there is a system failure. Such bids must be submitted to the Public Debt Office before the auction timing ends and in the prescribed form. The form is available on the RBI website.
For Public Debt Office assistance, the RBI notice lists the phone numbers 022-22603456, 022-22603457 and 022-22603190. For technical difficulties related to core banking operations, the listed phone numbers are 022-69870466 and 022-69870415. For other auction-related issues, the IDMD auction team can be contacted on 022-22702431 and 022-22705125.
The press release was issued by Ajit Prasad, Deputy General Manager (Communications), under press release number 2026-2027/645.
Source: Reserve Bank of India Press Releases.