The Government of India will auction Treasury Bills worth ₹24,000 crore RBI

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RBI 24,000 Crore Treasury Bill Auction

Highlights

RBI will auction Treasury Bills worth ₹24,000 crore on June 17, 2026, with ₹12,000 crore for 91 days, ₹6,000 crore for 182 days, and ₹6,000 crore for 364 days.
Competitive bids will be accepted on the E-Kuber system between 10:30 AM and 11:30 AM on June 17, 2026, and non-competitive bids will be accepted between 10:30 AM and 11:00 AM, with the results being announced on the same day.
Eligible institutions, including individual investors, can bid in the non-competitive category, with allocation limited to a maximum of 5 percent of the total amount.

This article was translated from the original. Read the original version by our correspondent here.

Auction Size and Participation Rules

According to the press release from the Reserve Bank of India, the notified amount is set at ₹12,000 crore for the 91-day Treasury Bill, ₹6,000 crore for the 182-day, and ₹6,000 crore for the 364-day. This sale is subject to the terms of 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 legislatures, eligible provident funds in India, designated foreign central banks, and other persons or institutions specified by the RBI may participate on a non-competitive basis. Individual investors may also participate as retail investors in the non-competitive category, but their allocation is limited to a maximum of 5 percent of the notified amount.

Individual investors can also place bids under the non-competitive scheme through the Retail Direct portal. The auction will be price-based and will adopt the multiple price method.

Schedule and Operational Arrangements

Competitive bids must be submitted in electronic format on the RBI’s Core Banking Solution, E-Kuber system, between 10:30 a.m. and 11:30 a.m. on June 17, 2026. The time for non-competitive bids is set from 10:30 a.m. to 11:00 a.m., and the auction results will be announced the same day.

Successful bidders must make payment on Thursday, June 18, 2026. The RBI has stated that physical bids will be accepted only in the event of a system failure, and such bids must be submitted to the Public Debt Office in the prescribed form before the auction closing time.

In case of technical difficulties, investors may contact the Core Banking Operations Team, while the IDMD auction team will be available for other auction-related issues. This arrangement helps advance short-term borrowing operations in the government securities market according to the prescribed calendar.

Our previous report discussed the steps taken by the government and the RBI to attract foreign capital, including tax exemptions for FPIs on government securities and expanded investment access. That article also mentioned measures such as expanding the scope of the Fully Accessible Route, relaxing FPI limits, and increasing foreign exchange liquidity to ease pressure on the balance of payments and banking funding.

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