**Executive Summary**
The Reserve Bank of India (RBI) announces the auction of Government of India Treasury Bills, including 91-day, 182-day, and 364-day bills. The auction will take place on February 04, 2026, with settlement on February 05, 2026. Bids must be submitted electronically via the RBI's E-Kuber system.
**Key Points / Main Content**
* **Auction Details:**
* Treasury bills of 91-day, 182-day, and 364-day maturities will be auctioned.
* The total notified amount for the auction is ₹29,000 crore.
* Individual notified amounts are ₹9,000 crore for 91-day, ₹12,000 crore for 182-day, and ₹8,000 crore for 364-day.
* **Terms and Conditions:**
* The sale is subject to terms specified in General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, as amended.
* **Participant Eligibility:**
* State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks, and other specified entities can participate on a non-competitive basis.
* Individuals, including retail investors, can participate on a non-competitive basis.
* **Non-Competitive Bidding:**
* Allocation for non-competitive bids is outside the notified amount.
* For retail investors, the allocation is restricted to a maximum of 5% 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).
* **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 Wednesday, February 04, 2026.
* Competitive bids: 10:30 am - 11:30 am
* Non-Competitive bids: 10:30 am - 11:00 am
* **Results and Payment:**
* Results will be announced on the day of the auction.
* Payment by successful bidders must be made on Thursday, February 05, 2026.
* **Physical Bids:**
* Physical bids are accepted only in the event of system failure.
* Physical bids should be submitted to the Public Debt Office.
* **Contact Information:**
* Public Debt Office (email; Phone no: 022-22603456, 022-22603457,022-22603190).
* Core Banking Operations Team (email; Phone no: 022-69870466, 022-69870415).
* IDMD auction team (email; Phone no: 022-22702431, 022-22705125).
**Impact Analysis**
**Stakeholder: Bidders (including State Governments, Union Territories, Provident Funds, Foreign Central Banks, Individuals, Retail Investors)**
* **Impact:** Opportunity to invest in Government of India Treasury Bills.
* **Action Required:** Submit bids electronically through the RBI's E-Kuber system according to the specified timings.
**Stakeholder: Reserve Bank of India**
* **Impact:** Manages the auction process and settlement of Treasury Bills.
* **Action Required:** Conduct the auction on February 04, 2026, and announce the results.
**Stakeholder: Successful Bidders**
* **Impact:** Acquire Government of India Treasury Bills and are obligated to make payments.
* **Action Required:** Make payments on February 05, 2026.
Key Entities Referenced
Reserve Bank of India: The central bank announcing the auction of Government of India Treasury Bills.
Government of India Treasury Bills: The financial instruments being auctioned.
General Notification F.No.4(2)-B(W&M)/2018: The notification specifying the terms and conditions for the sale of the treasury bills.
E-Kuber system: The Reserve Bank of India's Core Banking Solution used for submitting bids.
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)