**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 be conducted on February 11, 2026, with settlement scheduled for February 12, 2026. Bids must be submitted electronically via the RBI's E-Kuber system during specified timeframes.
**Key Points / Main Content**
* **Auction Details:**
* Treasury Bills: 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).
* **Participation:**
* Eligible Participants: State Governments, Union Territories with legislature, eligible Provident Funds, designated Foreign Central Banks, and any person/institution specified by the Bank.
* Non-Competitive Bidding: Allowed for above parties; allocation outside the notified amount.
* Retail Investors: Can participate on a non-competitive basis, with a maximum allocation of 5% of the notified amount. Can place bids through the Retail Direct portal.
* **Bidding Process:**
* Method: Price-based using a multiple price method.
* Submission: Via the RBI's Core Banking Solution (E-Kuber system).
* Timings:
* Competitive Bids: 10:30 am - 11:30 am.
* Non-Competitive Bids: 10:30 am - 11:00 am.
* **Contingency & Results:**
* System Failure: Physical bids are accepted only in the event of system failure and must be submitted in the prescribed form before the auction timing ends.
* Results: Will be announced on the day of the auction.
* **Payment:**
* Successful bidders must make payments by February 12, 2026.
**Impact Analysis**
**Stakeholder: Government of India**
* **Impact:** Facilitates raising funds through the auction of treasury bills.
* **Action Required:** N/A
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact:** Responsible for conducting the auction of treasury bills.
* **Action Required:** Manage the auction process through the E-Kuber system.
**Stakeholder: State Governments/Union Territories with legislature/Eligible Provident Funds/Designated Foreign Central Banks/Specified Institutions**
* **Impact:** Opportunity to invest in treasury bills on a non-competitive basis.
* **Action Required:** Submit bids through the E-Kuber system within the specified timeframes.
**Stakeholder: Retail Investors**
* **Impact:** Opportunity to invest in treasury bills on a non-competitive basis, with a maximum allocation of 5% of the notified amount.
* **Action Required:** Submit bids through the E-Kuber system or the Retail Direct portal within the specified timeframes.
Key Entities Referenced
Reserve Bank of India: The central bank responsible for conducting the auction of Government of India Treasury Bills.
Government of India Treasury Bills: The securities being auctioned, with specified durations of 91-day, 182-day, and 364-day.
General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025: Governs the terms and conditions of the Treasury Bill auction.
Retail Direct portal (https://rbiretaildirect.org.in): Portal through which individual investors can place non-competitive bids.
E-Kuber system: Reserve Bank of India's Core Banking Solution 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)