**Policy Summary:**
The Reserve Bank of India (RBI) announces the auction of Government of India Treasury Bills on August 28, 2025. The auction includes 91-Day, 182-Day, and 364-Day Treasury Bills, with notified amounts of ₹10,000 crore, ₹6,000 crore, and ₹5,000 crore respectively, totaling ₹21,000 crore. Settlement will occur on August 29, 2025.
The sale is subject to the terms and conditions specified in Notification F.No.42BWM2018 dated March 26, 2025, issued by the Government of India, as amended. State Governments, Union Territories with legislatures, eligible Provident Funds in India, designated Foreign Central Banks, and institutions specified by the Bank are eligible to participate on a non-competitive basis; allocations for non-competitive bids will be outside the notified amount. Individuals can also participate on a non-competitive basis as retail investors, with allocations restricted to a maximum of 5 percent of the notified amount. Retail investors can place bids through the Retail Direct portal: https://rbiretaildirect.org.in.
The auction will be price-based, using the multiple price method. Bids must be submitted electronically on the RBI's e-Kuber system on August 28, 2025, during the following timings:
* Competitive Bids: 10:30 am - 11:30 am
* Non-Competitive Bids: 10:30 am - 11:00 am
Results will be announced on the day of the auction. Payment by successful bidders is due on August 29, 2025. In the event of system failure, physical bids will be accepted if submitted to the Public Debt Office before the auction timing ends. The prescribed form can be downloaded from the RBI website: https://rbi.org.in/en/webrbiforms.
For technical difficulties, contact the Core Banking Operations Team via email or phone at 022-69870466 or 022-69870415. For other auction-related difficulties, contact the IDMD auction team via email or phone at 022-22702431 or 022-22705125. For physical bids, contact Public Debt Office via email or phone at 022-22603456, 022-22603457, or 022-22603190.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for announcing the auction of Government of India Treasury Bills.
Government of India Treasury Bills: Securities being auctioned by the Reserve Bank of India.
91Day Treasury Bill: A type of Government of India Treasury Bill with a maturity period of 91 days.
182Day Treasury Bill: A type of Government of India Treasury Bill with a maturity period of 182 days.
364Day Treasury Bill: A type of Government of India Treasury Bill with a maturity period of 364 days.
General Notification F.No.42BWM2018 dated March 26, 2025: A notification issued by the Government of India specifying the terms and conditions of the sale.
Retail Direct portal: A portal (https:rbiretaildirect.org.in) through which individual investors can place bids for Treasury Bills.
EKuber: 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
August 22, 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 10,000
August 28, 2025 August 29, 2025
2 182-Day 6,000
(Thursday) (Friday)
3 364-Day 5,000
Total 21,000
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 Thursday, August 28, 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 Friday, August 29, 2025.
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 of2
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: 2025-2026/961 Deputy General Manager
(Communications)