**Executive Summary**
This press release, dated January 30, 2026, from the Reserve Bank of India (RBI) announces the auction of Government of India Treasury Bills. The auction will take place on February 04, 2026, with settlement on February 05, 2026, for 91-day, 182-day, and 364-day Treasury Bills. Bids must be submitted electronically through the RBI's E-Kuber system during specified timings on the auction date.
**Key Points / Main Content**
* **Auction Details:**
* The auction includes 91-day, 182-day, and 364-day Treasury Bills.
* The notified amounts are ₹9,000 crore, ₹12,000 crore, and ₹8,000 crore, respectively, totaling ₹29,000 crore.
* The auction date is February 04, 2026 (Wednesday).
* The settlement date is February 05, 2026 (Thursday).
* **Eligibility and Terms:**
* The sale is subject to the terms and conditions specified in General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025.
* Eligible participants include State Governments, Union Territories with legislature, eligible Provident Funds, designated Foreign Central Banks, and any person or institution specified by the Bank.
* Non-competitive bids are allowed for the aforementioned participants.
* Individuals can participate on a non-competitive basis as retail investors.
* **Bidding Process:**
* The auction is price-based using a multiple price method.
* Bids must be submitted electronically on the RBI's E-Kuber system on February 04, 2026.
* Competitive bids are accepted from 10:30 am to 11:30 am.
* Non-competitive bids are accepted from 10:30 am to 11:00 am.
* In the event of a system failure, physical bids can be submitted before the auction timing ends to the Public Debt Office (email; Phone no: 022-22603456, 022-22603457,022-22603190)
* **Retail Investors:**
* Allocation for retail investors is restricted to a maximum of 5% of the notified amount.
* Individuals can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).
* **Results and Payment:**
* Results will be announced on the day of the auction.
* Payment by successful bidders must be made on February 05, 2026.
**Impact Analysis**
**Bidders (including State Governments, Union Territories, Provident Funds, Foreign Central Banks, Individuals/Retail Investors)**
* **Impact:**
* Opportunity to invest in Government of India Treasury Bills.
* Must comply with eligibility criteria and bidding procedures outlined in the notification.
* **Action Required:**
* Submit bids electronically through the E-Kuber system during specified timings, or physically if system failure occurs.
* Ensure payment is made by February 05, 2026, if the bid is successful.
**Reserve Bank of India (RBI)**
* **Impact:**
* Responsible for conducting the auction and managing the bidding process.
* **Action Required:**
* Ensure the E-Kuber system is functioning correctly for electronic bidding.
* Evaluate bids and announce the results on the day of the auction.
**Core Banking Operations Team**
* **Impact:**
* Responsible for resolving technical difficulties during the electronic bidding process.
* **Action Required:**
* Respond to inquiries regarding technical difficulties during the auction at email; Phone no: 022-69870466, 022-69870415.
**IDMD Auction Team**
* **Impact:**
* Responsible for resolving difficulties related to the auction.
* **Action Required:**
* Respond to inquiries regarding the auction at email; Phone no: 022-22702431, 022-22705125.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for announcing the auction of Government of India Treasury Bills.
Government of India Treasury Bills: Securities being auctioned with 91-day, 182-day, and 364-day tenors.
General Notification F.No.4(2)-B(W&M)/2018: The overarching notification governing the terms and conditions of the Treasury Bill auction.
E-Kuber system: The Reserve Bank of India's Core Banking Solution system through which bids should be submitted electronically.
Retail Direct portal: A portal through which individual investors can participate in the non-competitive scheme.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
January 30, 2026
Auction of 91-Day, 182-Day and 364-Day Treasury Bills
Reserve Bank of India announces the auction of Government of India Treasury Bills
as per the following details:
Notified
Sr.
Treasury Bill Amount Auction Date Settlement Date
No.
(₹ crore)
1 91-Day 9,000
February 04, 2026 February 05, 2026
2 182-Day 12,000
(Wednesday) (Thursday)
3 364-Day 8,000
Total 29,000
The sale will be subject to the terms and conditions specified in the General
Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by Government of
India, as amended from time to time. State Governments, Union Territories with
legislature, eligible Provident Funds in India, designated Foreign Central Banks and any
person or institution specified by the Bank in this regard can participate on non-
competitive basis, the allocation for which will be outside the notified amount. Individuals
can also participate on non-competitive basis, as retail investors. For retail investors, the
allocation will be restricted to a maximum of 5 percent of the notified amount. Individual
investors can also place bids as per the non-competitive scheme through the Retail
Direct portal (https://rbiretaildirect.org.in).
The auction will be Price based using multiple price method. Bids for the auction
should be submitted in electronic format on the Reserve Bank of India’s Core Banking
Solution (E-Kuber system) on Wednesday, February 04, 2026, during the below given
timings:
Category of Bids Timing
Competitive 10:30 am - 11:30 am
Non-Competitive 10:30 am - 11:00 am
Results will be announced on the day of the auction.
Payment by successful bidders will have to be made on Thursday, February 05, 2026.
Only in the event of system failure, physical bids would be accepted. Such physical
bids should be submitted to the Public Debt Office (email; Phone no: 022-22603456, 022-2
22603457,022-22603190), before the auction timing ends, in the prescribed form. The
form can be downloaded from RBI website (https://rbi.org.in/en/web/rbi/forms). In case of
technical difficulties, Core Banking Operations Team should be contacted at email;
Phone no: 022-69870466, 022-69870415. For other auction related difficulties, IDMD
auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).
Ajit Prasad
Press Release: 2025-2026/2024 Deputy General Manager
(Communications)