Auction of 91-Day, 182-Day and 364-Day Treasury Bills

**Executive Summary** This press release from the Reserve Bank of India (RBI), dated January 30, 2026, announces the auction of Government of India Treasury Bills, including 91-day, 182-day, and 364-day bills, scheduled for February 04, 2026, with settlement on February 05, 2026. Bids must be submitted electronically via the RBI's E-Kuber system. Payment by successful bidders is due on February 05, 2026. **Key Points / Main Content** * **Auction Details:** * Auction of 91-Day, 182-Day and 364-Day Treasury Bills. * Auction Date: February 04, 2026 (Wednesday). * Settlement Date: February 05, 2026 (Thursday). * **Notified Amount (₹ crore):** * 91-Day Treasury Bill: 9,000 * 182-Day Treasury Bill: 12,000 * 364-Day Treasury Bill: 8,000 * Total: 29,000 * **Eligibility & Conditions:** * Sale subject to the terms specified in General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by the Government of India, as amended. * Eligible participants: State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks, and any person or institution specified by the Bank. * Non-competitive bids are allowed for certain entities; allocation will be outside the notified amount. * Retail investors can participate on a non-competitive basis with a maximum allocation of 5 percent of the notified amount. * **Bidding Process:** * Auction Method: Price-based using multiple price method. * Bids must be submitted electronically on the RBI's E-Kuber system. * Bidding Timings: * Competitive: 10:30 am - 11:30 am * Non-Competitive: 10:30 am - 11:00 am * **Results and Payment:** * Results will be announced on the day of the auction. * Payment by successful bidders is due on February 05, 2026. * **Physical Bids:** * Only accepted in the event of system failure. * Must be submitted to the Public Debt Office before the auction timing ends, in the prescribed form. * **Important Contact Information:** * Public Debt Office email/phone: email; 022-22603456, 022-22603457,022-22603190 * Core Banking Operations Team email/phone: email; 022-69870466, 022-69870415. * IDMD auction team email/phone: email; 022-22702431, 022-22705125. **Impact Analysis** **Stakeholder: Government of India** * **Impact:** Receives funding through the sale of Treasury Bills. * **Action Required:** Ensure terms and conditions specified in the General Notification are adhered to. **Stakeholder: Reserve Bank of India (RBI)** * **Impact:** Responsible for conducting the auction and managing the bidding process. * **Action Required:** Oversee the auction process, manage E-Kuber system, and announce results. **Stakeholder: Banks and Financial Institutions** * **Impact:** Opportunity to invest in Government of India Treasury Bills. * **Action Required:** Submit bids electronically via the E-Kuber system within the specified timeframe if they wish to participate. **Stakeholder: State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks, and any person or institution specified by the Bank** * **Impact:** Opportunity to invest in Government of India Treasury Bills on a non-competitive basis. * **Action Required:** Submit non-competitive bids electronically via the E-Kuber system within the specified timeframe if they wish to participate. **Stakeholder: Retail Investors** * **Impact:** Opportunity to invest in Government of India Treasury Bills on a non-competitive basis. * **Action Required:** Can participate through the Retail Direct portal or submit non-competitive bids electronically via the E-Kuber system within the specified timeframe if they wish to participate. **Stakeholder: Successful Bidders** * **Impact:** Acquire Government of India Treasury Bills. * **Action Required:** Make payment by February 05, 2026.

Key Entities Referenced