Auction of State Government Securities

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 March 06, 2026 Auction of State Government Securities The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹45,960 Crore (Face Value). Additional Amount Borrowing Sr. to Tenor Type of State/UT (Greenshoe) No . be raised (Year) Auction Option (₹ Crore) (₹ Crore) 1000 - 13 Yield 1. Andhra Pradesh 1000 - 15 Yield 1000 - 17 Yield 2. Arunachal Pradesh 190 - 20 Yield 3. Assam 900 - 15 Yield 4. Delhi 1000 - 10 Yield 1000 500 07 year and 06 months Yield 5. Gujarat 1000 500 11 Yield 1000 - 04 Yield 6. Haryana 1000 - 12 Yield 1000 - 18 Yield 7. Jammu and Kashmir 900 - 15 Yield Re-issue of 7.31% Karnataka 2000 - SGS 2033, issued on March Price 04, 2026 Re-issue of 7.38% Karnataka 2000 - SGS 2034, issued on March Price 8. Karnataka 04, 2026 2000 - 10 year and 06 months Yield Re-issue of 7.48% Karnataka 2000 - SGS 2037, issued on March Price 04, 2026 2000 - 14 Yield 9. Kerala 1000 - 23 Yield 1900 - 10 Yield 10. Madhya Pradesh 1700 - 14 Yield 2200 - 21 Yield 11. Mizoram 120 - 15 Yield Re-issue of 7.62% Punjab 12. Punjab 2000 - SGS 2032, issued on Price November 30, 2022 13. Sikkim 250 - 10 Yield 14. Tamil Nadu 2000 - 03 Yield2 1000 - 05 Yield Re-issue of 7.23% Tamil Nadu 1000 - SGS 2033, issued on March Price 04, 2026 2000 - 10 Yield Re-issue of 7.63% Tamil Nadu 2000 - SGS 2056, issued on March Price 04, 2026 15. Tripura 800 - 15 Yield Re-issue of 7.46% Uttar 1000 - Pradesh SGS 2037, issued on Price December 17, 2025 Re-issue of 7.62% Uttar 16. Uttar Pradesh 1500 - Pradesh SGS 2041, issued on Price March 04, 2026 Re-issue of 7.71% Uttar 1000 - Pradesh SGS 2046, issued on Price February 25, 2026 2000 - 18 Yield 17. West Bengal 1500 - 22 Yield Total 45960 The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on March 10, 2026 (Tuesday). The Government Stock up to ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of one per cent of its notified amount for a single bid per stock as per the ‘Scheme for Non-competitive Bidding Facility’. Individual investors can also place bids as per the non- competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in). Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on March 10, 2026 (Tuesday). The competitive bids should be submitted between 10:30 A.M. and 11:30 A.M. and non-competitive bids should be submitted between 10:30 A.M. and 11:00 A.M. In case of technical difficulties, Core Banking Operations Team may be contacted (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). 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) in the prescribed form obtainable from RBI website (https://rbi.org.in/en/web/rbi/forms) before the auction timing ends. The yield per cent per annum or the price as the case may be, expected by the bidder should be expressed up to two decimal points. An investor can submit more than one competitive bid at same/different rates of yield or prices in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids submitted by a bidder should not exceed the notified amount for each State.3 The Reserve Bank of India will determine the maximum yield / minimum price at which bids will be accepted. Stock will be issued for a minimum nominal amount of ₹10,000.00 and in multiples of ₹10,000.00 thereafter. The results of the auction will be announced on March 10, 2026 (Tuesday) and payment by successful bidders will be made during banking hours on March 11, 2026 (Wednesday) at Mumbai and at respective Regional Offices of RBI. The new State Government Stocks will bear interest at the rates determined by RBI at the auctions. For the new stock, interest will be paid half yearly on September 11 and March 11 of each year till maturity. For the re-issued Government Stock, interest will be paid at the rate as determined on the date of original issue of Government Stock and will be paid on half yearly basis till maturity. The Stocks will be governed by the provisions of the Government Securities Act, 2006 and the Government Securities Regulations, 2007. The investment in State Government Stocks will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility. Ajit Prasad Deputy General Manager Press Release: 2025-2026/2230 (Communications)