**Executive Summary**
The Reserve Bank of India (RBI) announces the auction of Government of India Treasury Bills on January 14, 2026, for 91-day, 182-day, and 364-day tenures. The settlement date is January 16, 2026. Bids must be submitted electronically via the E-Kuber system on the auction date.
**Key Points / Main Content**
* **Auction Details:**
* 91-Day Treasury Bill: Notified amount of ₹9,000 crore.
* 182-Day Treasury Bill: Notified amount of ₹12,000 crore.
* 364-Day Treasury Bill: Notified amount of ₹8,000 crore.
* Total notified amount for all bills: ₹29,000 crore.
* Auction Date: January 14, 2026 (Wednesday)
* Settlement Date: January 16, 2026 (Friday)
* **Eligibility and Participation:**
* Subject to terms and conditions specified in General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025.
* State Governments, Union Territories with legislature, eligible Provident Funds, designated Foreign Central Banks, and institutions specified by the Bank can participate on a non-competitive basis.
* Individuals can also participate on a non-competitive basis, with a 5% limit on allocation.
* Retail investors can place bids through the Retail Direct portal.
* **Bidding Process:**
* Auction will be price-based, using a multiple price method.
* Bids must be submitted electronically via RBI's E-Kuber system.
* **Bidding Timings:**
* Competitive Bids: 10:30 am - 11:30 am.
* Non-Competitive Bids: 10:30 am - 11:00 am.
* **Other Important Dates:**
* Auction Results: Announced on the day of the auction (January 14, 2026).
* Payment by successful bidders: January 16, 2026.
* **Contingency:**
* In the event of system failure, physical bids can be submitted before auction timing ends.
* The physical bid form can be downloaded from the RBI website.
**Impact Analysis**
**Stakeholder:** Reserve Bank of India
**Impact:** Oversees and manages the auction process for Government of India Treasury Bills.
**Action Required:** Ensure the smooth execution of the auction, announce results, and handle any potential system failures.
**Stakeholder:** Government of India
**Impact:** Raises funds through the auction of Treasury Bills.
**Action Required:** N/A
**Stakeholder:** Banks and Financial Institutions
**Impact:** Can participate in the auction to manage liquidity and investment portfolios.
**Action Required:** Submit bids electronically via the E-Kuber system within the specified timelines if intending to participate.
**Stakeholder:** State Governments, Union Territories with legislature, eligible Provident Funds, designated Foreign Central Banks and any person or institution specified by the Bank
**Impact:** Can invest in Treasury Bills on a non-competitive basis.
**Action Required:** Submit bids electronically via the E-Kuber system within the specified timelines if intending to participate.
**Stakeholder:** Individual Investors
**Impact:** Can invest in Treasury Bills on a non-competitive basis through the Retail Direct portal.
**Action Required:** Submit bids via the Retail Direct portal if intending to participate, adhering to the 5% allocation limit.
Key Entities Referenced
Government of India Treasury Bills: Subject of the auction announced by the Reserve Bank of India.
Reserve Bank of India: Announces auction of Government of India Treasury Bills.
General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025: Specifies terms and conditions for the Treasury Bill sale.
Retail Direct portal: Scheme through which individuals can place bids for treasury bills.
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 09, 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
January 14, 2026 January 16, 2026
2 182-Day 12,000
(Wednesday) (Friday)
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, January 14, 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 Friday, January 16, 2026.2
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-
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: 2025-2026/1894 Deputy General Manager
(Communications)