The Ministry of Finance, in consultation with the Reserve Bank of India, has released the calendar for the issuance of Government of India Treasury Bills for the quarter ending March 2026. The calendar, updated on December 29, 2025, at 7:20 PM by PIB Delhi, details the notified amount for auction of Treasury Bills from January to March 2026, broken down by 91-day, 182-day, and 364-day bills.
The schedule is as follows (amounts are in ₹ crore):
* **January 2026:** Auctions on Jan 7, 14, 21, and 28 with issue dates on Jan 8, 15, 22 and 29 respectively. Each auction has 9000 for 91 days, 12000 for 182 days, and 8000 for 364 days, totaling 29000.
* **February 2026:** Auctions on Feb 4, 11, 18, and 25 with issue dates on Feb 5, 12, 20 and 26 respectively. Feb 4 has 9000 for 91 days, 12000 for 182 days, and 8000 for 364 days, totaling 29000. Feb 11, 18, and 25 each have 14000 for 91 days, 12000 for 182 days, and 8000 for 364 days, totaling 34000.
* **March 2026:** Auctions on Mar 4, 11, 18 and 25 with issue dates on Mar 5, 12, 20 and 27 respectively. Mar 4, 11, and 18 each have 14000 for 91 days, 12000 for 182 days, and 8000 for 364 days, totaling 34000. Mar 25 has 15000 for 91 days, 12000 for 182 days, and 8000 for 364 days, totaling 35000.
The total notified amount for auction is 144000 for 91 days, 144000 for 182 days, and 96000 for 364 days, with a grand total of 384000.
The Government of India retains the flexibility to modify the amount and timing of auctions based on market conditions, after due notice. Changes will be communicated via press releases. The auctions are subject to the terms and conditions specified in General Notification No. F.4(2)-B(W&M)/2018 dated March 26, 2025.
Key Entities Referenced
Treasury Bills: Government of India debt instrument auctioned to raise funds.
Ministry of Finance: The central ministry responsible for economic and financial policies in India, including the issuance of Treasury Bills.
Reserve Bank of India: India's central bank, which consults with the government on the issuance of Treasury Bills and manages the auction process.
Ministry of Finance
Calendar for Auction of Government of India
Treasury Bills (For the Quarter ending March
2026)
प्रव तथ: 29 DEC 2025 7:20PM by PIB Delhi
The Government of India, in consultation with Reserve Bank of India, hereby, releases the calendar for the
issuance of Treasury Bills for the quarter ending March 2026 as under:
Notified Amount for Auction of Treasury Bills
(January - March 2026)
(₹ crore)
Date of Auction Date of Issue 91 Days 182 Days 364 Days Total
January 07, 2026 January 08, 2026 9000 12000 8000 29000
January 14, 2026 January 15, 2026 9000 12000 8000 29000
January 21, 2026 January 22, 2026 9000 12000 8000 29000
January 28, 2026 January 29, 2026 9000 12000 8000 29000
February 04, 2026 February 05, 2026 9000 12000 8000 29000
February 11, 2026 February 12, 2026 14000 12000 8000 34000
February 18, 2026 February 20, 2026 14000 12000 8000 34000
February 25, 2026 February 26, 2026 14000 12000 8000 34000
March 04, 2026 March 05, 2026 14000 12000 8000 34000
March 11, 2026 March 12, 2026 14000 12000 8000 34000
March 18, 2026 March 20, 2026 14000 12000 8000 34000March 25, 2026 March 27, 2026 15000 12000 8000 35000
Total 144000 144000 96000 384000
The Government of India, in consultation with Reserve Bank of India, will have the flexibility to modify
the indicated amount and timing for auction of Treasury Bills depending upon the requirements, evolving
market conditions and other relevant factors, after giving due notice to the market. Thus, the calendar is
subject to change, if circumstances so warrant, including for reasons such as intervening holidays. Such
changes, if any, will be communicated through press releases.
The auction of Treasury Bills will be subject to the terms and conditions specified in the General
Notification No. F.4(2)-B(W&M)/2018 dated March 26, 2025 issued by the Government of India, as
amended from time to time.
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NB/KMN
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