The Government of India (Gol) has announced the re-issuance of two government securities: "6.68% Government Security 2040" for a notified amount of ₹16,000 crore and "6.90% Government Security 2065" for a notified amount of ₹13,000 crore. Both securities will be sold through a price-based auction using the multiple price method. The Gol reserves the option to retain an additional subscription of up to ₹2,000 crore for each security. The auction will be conducted by the Reserve Bank of India (RBI) in Mumbai on Friday, March 06, 2026.
Up to 5% of the total notified amount will be allocated to eligible individuals and institutions under the Scheme for Non-Competitive Bidding Facility. Bids, both competitive and non-competitive, must be submitted electronically via the RBI's E-Kuber system on March 06, 2026. Non-competitive bids will be accepted between 10:30 a.m. and 11:00 a.m., while competitive bids will be accepted between 10:30 a.m. and 11:30 a.m.
The auction results will be announced on March 06, 2026, and successful bidders will make payments on Monday, March 09, 2026. The securities will be eligible for "When Issued" trading as per RBI guidelines.
Key Entities Referenced
6.68% Government Security 2040: A government security being offered for sale.
6.90% Government Security 2065: A government security being offered for sale.
Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities: A scheme that allows eligible individuals and institutions to participate in the auction.
Reserve Bank of India: The entity conducting the auction and issuing guidelines for trading.
When Issued transactions in Central Government Securities: Guidelines governing the trading of securities before their official issuance.
PRESS COMMUNIQUE
Government of India (GoI) has announced the sale (re-issue) of (i) “6.68% Government
Security 2040” for a notified amount of ₹16,000 crore (nominal) through price based
auction using multiple price method and (ii) “6.90% Government Security 2065” for a
notified amount of ₹13,000 crore (nominal) through price based auction using multiple
price method. GoI will have the option to retain additional subscription up to ₹2,000 crore
against each security mentioned above. The auction will be conducted by the Reserve
Bank of India, Mumbai Office, Fort, Mumbai on March 06, 2026 (Friday).
2. Up to 5% of the notified amount of the sale of the securities will be allotted to eligible
individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the
Auction of Government Securities.
3. 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 06, 2026. The non-competitive bids should be submitted between 10:30 a.m.
and 11:00 a.m. and the competitive bids should be submitted between 10:30 a.m. and
11:30 a.m.
4. The result of the auction will be announced on March 06, 2026 (Friday) and payment
by successful bidders will be on March 09, 2026 (Monday).
5. The Securities will be eligible for “When Issued” trading in accordance with the
guidelines on ‘When Issued transactions in Central Government Securities’ issued by the
Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended
from time to time.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC AFFAIRS
BUDGET DIVISION
KARTAVYA BHAWAN-1, NEW DELHI - 110001
Dated: March 02, 2026