RBI will auction treasury bills worth ₹24,000 crore on July 15

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RBI Treasury Bill Auction

Highlights

RBI will auction ₹9,000 crore for 91-day, ₹8,000 crore for 182-day, and ₹7,000 crore for 364-day treasury bills on July 15.
Competitive bids will be accepted on the E-Kuber system from 10:30 AM to 11:30 AM, and non-competitive bids from 10:30 AM to 11:00 AM; results will be announced the same day.
Retail investors can submit bids in the non-competitive category up to a maximum of 5 percent of the notified amount through the Retail Direct portal.

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

Auction Size and Participation Rules

According to the Reserve Bank of India press release, the notified amount is set at ₹9,000 crore for the 91-day treasury bill, ₹8,000 crore for the 182-day treasury bill, and ₹7,000 crore for the 364-day treasury bill. This sale will be 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 RBI may participate on a non-competitive basis. Individuals can also participate as retail investors in the non-competitive category, but their allocation will be limited to a maximum of 5 percent of the notified amount.

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

Bid Submission Process and Operational Arrangements

Competitive and non-competitive bids must be submitted electronically on RBI’s Core Banking Solution, E-Kuber system, on Wednesday, July 15, 2026. The window for competitive bids is from 10:30 AM to 11:30 AM, and for non-competitive bids from 10:30 AM to 11:00 AM.

The auction results will be announced the same day, and successful bidders must make payment on Thursday, July 16, 2026. Physical bids will only be accepted in case of system failure and must be submitted to the Public Debt Office in the prescribed form before the auction closing time.

RBI has also provided contact details for the Core Banking Operations Team for technical issues and the IDMD auction team for other auction-related queries. This arrangement ensures operational clarity for the smooth execution of the government securities market’s short-term borrowing program and retail participation.

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