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 08, 2026, and settlement will take place on Thursday, July 09, 2026.
The details were issued by the RBI through a press release dated July 03, 2026. The auction will cover three Treasury Bill tenors: 91-day, 182-day and 364-day. The sale will be conducted as a price-based auction using the multiple price method.
Auction details
The notified amount is split across the three Treasury Bills as follows:
- 91-Day Treasury Bill: ₹9,000 crore
- 182-Day Treasury Bill: ₹8,000 crore
- 364-Day Treasury Bill: ₹7,000 crore
Together, these add up to ₹24,000 crore. The RBI said the sale will be subject to the terms and conditions specified in the Government of India General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, as amended from time to time.
Who can participate
The RBI notice states that State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks, and any person or institution specified by the Bank may participate on a non-competitive basis. The allocation for these non-competitive participants will be outside the notified amount.
Individuals may also take part as retail investors on a non-competitive basis. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can place bids under the non-competitive scheme through the RBI Retail Direct portal.
Bidding timings on July 08
Bids have to be submitted electronically through the Reserve Bank of India’s Core Banking Solution, known as the E-Kuber system, on Wednesday, July 08, 2026.
- Competitive bids: 10:30 am to 11:30 am
- Non-competitive bids: 10:30 am to 11:00 am
The results of the auction will be announced on the same day. Successful bidders will have to make payment on Thursday, July 09, 2026, which is also the settlement date mentioned in the release.
Physical bids only if system fails
The RBI said physical bids will be accepted only in the event of a system failure. In such a case, physical 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 technical difficulties related to the E-Kuber system, participants have been asked to contact the Core Banking Operations Team. For other auction-related issues, the RBI has listed the IDMD auction team as the contact point.
The press release was issued by Ajit Prasad, Deputy General Manager, Communications, under Press Release number 2026-2027/608.
Source: Reserve Bank of India Press Releases.
