**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 December 03, 2025, with a settlement date of December 04, 2025. Bids must be submitted electronically through the RBI's E-Kuber system, unless system failure necessitates physical bids.
**Key Points / Main Content**
* **Auction Details:**
* Auction includes 91-day, 182-day, and 364-day Treasury Bills.
* The total notified amount for the auction is ₹19,000 crore.
* **Auction Dates:**
* Auction Date: December 03, 2025 (Wednesday)
* Settlement Date: December 04, 2025 (Thursday)
* **Bidding Process:**
* The auction will be Price based using a multiple price method.
* Bids must be submitted electronically through the RBI's E-Kuber system.
* Bidding Timing:
* Competitive: 10:30 am - 11:30 am
* Non-Competitive: 10:30 am - 11:00 am
* **Eligibility and Participation:**
* Sale is subject to the 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.
* Individuals can participate on a non-competitive basis, with a maximum allocation of 5% of the notified amount for retail investors.
* Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).
* **Contingency for System Failure:**
* In case of system failure, physical bids will be accepted if submitted before the auction timing ends to the Public Debt Office.
* **Results and Payment:**
* Auction results will be announced on the day of the auction.
* Successful bidders must make payments on Thursday, December 04, 2025.
* **Contact Information:**
* For technical difficulties: Core Banking Operations Team (email).
* For auction related difficulties: IDMD auction team (email).
**Impact Analysis**
**State Governments, Union Territories, Provident Funds, Foreign Central Banks, Individuals, and RBI Specified Institutions**
**Impact:** Opportunity to invest in Government of India Treasury Bills through competitive and non-competitive bidding processes. Retail investors can invest through a non-competitive scheme with a limited allocation.
**Action Required:** Participate in the auction by submitting bids through the E-Kuber system, or submit physical bids in the event of system failure. Adhere to the specified timings and procedures for bidding and payment.
Key Entities Referenced
Treasury Bills: Government of India Treasury Bills are being auctioned by the Reserve Bank of India.
Reserve Bank of India: The Reserve Bank of India is announcing and conducting the auction.
General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025: Specifies the terms and conditions for the sale of the treasury bills.
Retail Direct portal (https://rbiretaildirect.org.in): Portal for individual investors to participate in the non-competitive scheme.
E-Kuber system: The Reserve Bank of India's Core Banking Solution where bids for the auction should 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
November 28, 2025
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 7,000
December 03, 2025 December 04, 2025
2 182-Day 6,000
(Wednesday) (Thursday)
3 364-Day 6,000
Total 19,000
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, December 03, 2025, 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, December 04, 2025.2
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: 2025-2026/1584 Deputy General Manager
(Communications)