Reserve Bank notifies Treasury Bill auction of Rs 23,000 crore across three maturities

16 October 2026

The Reserve Bank of India announced the auction of Government of India Treasury Bills. The notified amounts are Rs 8,000 crore of 91-Day Treasury Bills, Rs 8,000 crore of 182-Day Treasury Bills and Rs 7,000 crore of 364-Day Treasury Bills, a total of Rs 23,000 crore. The auction date is October 21, 2026, a Wednesday, and settlement is on October 22, 2026, a Thursday. The sale is subject to the General Notification 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 auction will be price based using the multiple price method, and bids must be submitted electronically on the Reserve Bank's Core Banking Solution, the E-Kuber system. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and specified persons or institutions may participate on a non-competitive basis, with that allocation kept outside the notified amount. Individuals may also bid on a non-competitive basis as retail investors, for whom the allocation is restricted to a maximum of 5 per cent of the notified amount, and they may bid through the Retail Direct portal.