**Executive Summary**
The Reserve Bank of India (RBI) announces the auction of Government of India Treasury Bills on January 28, 2026. The auction includes 91-day, 182-day, and 364-day Treasury Bills, totaling ₹29,000 crore. Settlement for successful bidders is due on January 29, 2026.
**Key Points / Main Content**
* **Auction Details:**
* Treasury Bills: 91-Day, 182-Day, and 364-Day
* Total Notified Amount: ₹29,000 crore
* Auction Date: January 28, 2026 (Wednesday)
* Settlement Date: January 29, 2026 (Thursday)
* **Terms and Conditions:**
* Subject to General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by the Government of India, as amended.
* **Participation:**
* State Governments, Union Territories with legislature, eligible Provident Funds, designated Foreign Central Banks, and any person or institution specified by the Bank can participate on a non-competitive basis.
* Individuals can also participate on non-competitive basis as retail investors, with a maximum allocation of 5% of the notified amount.
* Individual investors can also bid through the Retail Direct portal.
* **Bidding Process:**
* Auction is price-based using multiple price method.
* Bids to be submitted electronically on the RBI's E-Kuber system.
* **Bidding Timings (January 28, 2026):**
* 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 January 29, 2026.
* **System Failure:**
* In the event of system failure, physical bids will be accepted if submitted before the auction timing ends.
* **Contact Information:**
* Public Debt Office: [email address], Phone no: 022-22603456, 022-22603457, 022-22603190
* Core Banking Operations Team: [email address], Phone no: 022-69870466, 022-69870415
* IDMD auction team: [email address], Phone no: 022-22702431, 022-22705125
**Impact Analysis**
**State Governments, Union Territories with legislature, eligible Provident Funds, designated Foreign Central Banks, and any person or institution specified by the Bank**
* *Impact*: Affected by the terms and conditions specified in the General Notification.
* *Action Required*: Determine if they wish to participate on a non-competitive basis
**Individuals (Retail Investors)**
* *Impact*: Can participate on a non-competitive basis, with a maximum allocation of 5% of the notified amount. Can also bid through the Retail Direct portal.
* *Action Required*: Decide whether to participate and place bids through the available channels.
**Successful Bidders**
* *Impact*: Obligated to make payment for the allotted Treasury Bills.
* *Action Required*: Make payment by January 29, 2026.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for announcing the auction of Treasury Bills.
Treasury Bills: Subject of the auction: 91-Day, 182-Day and 364-Day Treasury Bills.
General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025: The governing notification for the Treasury Bill auction.
non-competitive scheme: Scheme through which individuals can place bids via the Retail Direct portal.
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 23, 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 28, 2026 January 29, 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, January 28, 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, January 29, 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: 2025-2026/1985 Deputy General Manager
(Communications)