**Executive Summary**
This press release, dated February 06, 2026, from 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 11, 2026, and the settlement date is February 12, 2026. Bids must be submitted electronically via the RBI's E-Kuber system.
**Key Points / Main Content**
* **Auction Details:**
* Treasury Bills being auctioned: 91-day, 182-day, and 364-day.
* Total notified amount: ₹34,000 crore.
* Auction Date: February 11, 2026 (Wednesday).
* Settlement Date: February 12, 2026 (Thursday).
* **Eligibility & Conditions:**
* The sale is subject to the General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by the Government of India, as amended from time to time.
* Eligible participants include State Governments, Union Territories with legislature, eligible Provident Funds, designated Foreign Central Banks, and specified institutions.
* Non-competitive bids are allowed for eligible participants, and individuals, with allocations outside the notified amount.
* Retail investors' allocation is 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).
* **Bidding Process:**
* The auction is price-based using a multiple price method.
* Bids must be submitted electronically on the RBI's E-Kuber system.
* Bidding Timings:
* Competitive: 10:30 am - 11:30 am
* Non-Competitive: 10:30 am - 11:00 am
* **Results and Payment:**
* Results will be announced on the day of the auction.
* Payment by successful bidders is due on February 12, 2026.
* **System Failure:**
* In the event of system failure, physical bids will be accepted before the auction timing ends, submitted to the Public Debt Office in the prescribed form.
* **Contacts:**
* Core Banking Operations Team for technical difficulties (email; 022-69870466, 022-69870415)
* IDMD auction team for other auction-related difficulties (email; 022-22702431, 022-22705125)
**Impact Analysis**
**Government of India**
*Impact:* Can raise funds through the issuance of treasury bills.
*Action Required:* Ensure the auction is conducted according to the specified guidelines.
**Reserve Bank of India (RBI)**
*Impact:* Responsible for conducting the auction process.
*Action Required:* Manage the auction process through the E-Kuber system and announce the results.
**State Governments, Union Territories with Legislature, Eligible Provident Funds, Designated Foreign Central Banks, Individuals, and Institutions specified by the Bank**
*Impact:* Can invest in Government of India Treasury Bills.
*Action Required:* Submit bids electronically within the specified timelines and adhere to the terms and conditions of the auction. Ensure payment on the settlement date if the bid is successful.
**Retail Investors**
*Impact:* Can invest in Government of India Treasury Bills through non-competitive bids.
*Action Required:* Place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).
Key Entities Referenced
Treasury Bills: Government of India Treasury Bills, specifically 91-Day, 182-Day, and 364-Day bills, auctioned by the Reserve Bank of India.
Reserve Bank of India: The central bank of India, responsible for auctioning the Government of India Treasury Bills.
General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025: The general notification issued by the Government of India that specifies the terms and conditions of the Treasury Bill sale.
Retail Direct portal (https://rbiretaildirect.org.in): The portal through which individual investors can place bids in the non-competitive scheme.
E-Kuber system: The Reserve Bank of India's Core Banking Solution system used for submitting bids for the auction.
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 06, 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 11, 2026 February 12, 2026
2 182-Day 12,000
(Wednesday) (Thursday)
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 11, 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 12, 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: 2025-2026/2063 Deputy General Manager
(Communications)