**Executive Summary**
The Reserve Bank of India (RBI) announces the auction of Government of India Treasury Bills with tenures of 91-day, 182-day, and 364-day. The auction will be held on January 14, 2026, and settlement will occur on January 16, 2026. Bids must be submitted electronically via the E-Kuber system.
**Key Points / Main Content**
* **Auction Details:**
* 91-Day Treasury Bill: Notified amount is ₹9,000 crore.
* 182-Day Treasury Bill: Notified amount is ₹12,000 crore.
* 364-Day Treasury Bill: Notified amount is ₹8,000 crore.
* Total Notified Amount: ₹29,000 crore.
* Auction Date: January 14, 2026 (Wednesday).
* Settlement Date: January 16, 2026 (Friday).
* **Eligibility and Bidding:**
* 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.
* State Governments, Union Territories with legislature, eligible Provident Funds, designated Foreign Central Banks, and entities specified by the Bank can participate on a non-competitive basis.
* Retail investors can participate on a non-competitive basis, with a maximum allocation of 5% of the notified amount.
* Bids are price-based using a multiple price method.
* Bids to be submitted via RBI's Core Banking Solution (E-Kuber) by:
* Competitive Bids: 10:30 am - 11:30 am.
* Non-Competitive Bids: 10:30 am - 11:00 am.
* **Other Information:**
* Results will be announced on the day of the auction.
* Payment by successful bidders is due on January 16, 2026.
* In the event of system failure, physical bids are accepted if submitted before the auction timing ends. The form can be downloaded from the RBI website.
* Contact information provided for technical and auction-related difficulties.
**Impact Analysis**
**Stakeholder: Government of India**
* **Impact:** Auctions of Treasury Bills are used to manage government finances.
* **Action Required:** The Government sets and authorises the amount being auctioned.
**Stakeholder: Reserve Bank of India**
* **Impact:** RBI conducts the auction on behalf of the Government of India.
* **Action Required:** The RBI handles the auction process, settlement, and announcements.
**Stakeholder: Banks and Financial Institutions**
* **Impact:** Opportunity to invest in Government Treasury Bills.
* **Action Required:** Submit competitive bids through the E-Kuber system within the specified timeframe.
**Stakeholder: Retail Investors**
* **Impact:** Opportunity to invest in Government Treasury Bills on a non-competitive basis.
* **Action Required:** Submit non-competitive bids through the E-Kuber system or Retail Direct portal within the specified timeframe, adhering to the 5% allocation limit.
**Stakeholder: State Governments, Union Territories with Legislature, Eligible Provident Funds, Designated Foreign Central Banks**
* **Impact:** Opportunity to invest in Government Treasury Bills on a non-competitive basis.
* **Action Required:** Submit non-competitive bids through the E-Kuber system within the specified timeframe, adhering to the allocation limits.
Key Entities Referenced
Reserve Bank of India: Announces the auction of Government of India Treasury Bills.
Government of India Treasury Bills: The asset being auctioned, with specified maturities of 91-Day, 182-Day and 364-Day.
General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025: Specifies the terms and conditions for the sale of Treasury Bills.
Retail Direct portal (https://rbiretaildirect.org.in): A scheme through which individual investors 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)