**Executive Summary**
This press release from the Reserve Bank of India (RBI) announces the auction of Government of India Treasury Bills with maturities of 91-day, 182-day, and 364-day. The auction will be held on February 18, 2026, with settlement on February 20, 2026. The total notified amount for the auction is ₹34,000 crore.
**Key Points / Main Content**
* **Auction Details:**
* Treasury bills being auctioned: 91-day, 182-day, and 364-day.
* Total notified amount: ₹34,000 crore (91-day: ₹14,000 crore; 182-day: ₹12,000 crore; 364-day: ₹8,000 crore).
* Auction date: Wednesday, February 18, 2026.
* Settlement date: Friday, February 20, 2026.
* **Bidding Process:**
* The auction is price-based using the multiple price method.
* Bids must be submitted electronically via the RBI's Core Banking Solution (E-Kuber) on the auction date.
* Bidding Timings:
* Competitive bids: 10:30 am - 11:30 am
* Non-Competitive bids: 10:30 am - 11:00 am
* **Eligibility and Participation:**
* Subject to terms and conditions in the General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025.
* State Governments, Union Territories with legislature, eligible Provident Funds, Foreign Central Banks, and institutions specified by the Bank can participate on a non-competitive basis.
* Individuals can participate on a non-competitive basis, allocation restricted to a maximum of 5 percent of the notified amount through the Retail Direct portal (https://rbiretaildirect.org.in).
* **Results and Payment:**
* Auction results will be announced on the day of the auction.
* Successful bidders must make payment on Friday, February 20, 2026.
* **Contingency and Support:**
* In case of system failure, physical bids can be submitted to the Public Debt Office before the auction timing ends (email; Phone no: 022-22603456, 022-22603457, 022-22603190). The form can be downloaded from RBI website (https://rbi.org.in/en/web/rbi/forms)
* Contact email for Core Banking Operations Team in case of technical difficulties: (email; Phone no: 022-69870466, 022-69870415).
* Contact email for IDMD auction team in case of auction related difficulties: (email; Phone no: 022-22702431, 022-22705125).
**Impact Analysis**
**State Governments, Union Territories with legislature, eligible Provident Funds, Foreign Central Banks, and any person or institution specified by the Bank**
* **Impact:** Can participate in the auction on a non-competitive basis.
* **Action Required:** Submit bids through the E-Kuber system within the specified timings if participating on a competitive basis. Ensure compliance with the General Notification F.No.4(2)-B(W&M)/2018.
**Retail Investors**
* **Impact:** Can participate on a non-competitive basis with a maximum allocation of 5% of the notified amount.
* **Action Required:** Submit bids through the Retail Direct portal (https://rbiretaildirect.org.in) or through E-Kuber within the specified timings.
**Successful Bidders**
* **Impact:** Obligation to pay for the allotted Treasury Bills.
* **Action Required:** Make payment by the settlement date, February 20, 2026.
**RBI's Core Banking Operations Team and IDMD auction team**
* **Impact:** Handle technical difficulties, and auction-related difficulties respectively.
* **Action Required:** Respond to queries in cases of technical and auction-related issues.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for announcing and conducting the auction of Government of India Treasury Bills.
Government of India Treasury Bills: The subject of the auction; short-term debt instruments issued by the Government of India.
General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025: The governing notification that outlines the terms and conditions for the sale of Treasury Bills.
Retail Direct portal: Online platform through which individual investors can participate in the non-competitive scheme.
E-Kuber system: Reserve Bank of India's Core Banking Solution, through which bids for the auction must be submitted.
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
February 13, 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 14,000
February 18, 2026 February 20, 2026
2 182-Day 12,000
(Wednesday) (Friday)
3 364-Day 8,000
Total 34,000
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 18, 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, February 20, 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: 2025-2026/2110 Deputy General Manager
(Communications)