The Government of India has announced the sale of (i) "6.68% Government Security 2040" for ₹16,000 crore and (ii) "6.90% Government Security 2065" for ₹12,000 crore. Both will be sold via price-based auction using a multiple price method. The government retains the option to retain additional subscriptions up to ₹2,000 crore. The auction will be conducted by the Reserve Bank of India in Mumbai on December 12, 2025. Up to 5% of the notified amount will be allotted to eligible individuals and institutions per the Scheme for Non-Competitive Bidding Facility. Bids must be submitted electronically via the E-Kuber system on December 12, 2025. Non-competitive bids must be submitted between 10:30 a.m. and 11:00 a.m., and competitive bids between 10:30 a.m. and 11:30 a.m. The auction results will be announced on December 12, 2025, with payment due on December 15, 2025. The securities are eligible for “When Issued” trading per RBI circular No. RBI/2018-19/25 dated July 24, 2018, as amended. The release is from the Government of India, Ministry of Finance, Department of Economic Affairs, Budget Division, located at Kartavya Bhawan-1, New Delhi - 110001, and is dated December 08, 2025.
Key Entities Referenced
Reserve Bank of India: Conducts the auction of Government Securities.
6.68% Government Security 2040: Government security being re-issued with a notified amount of ₹16,000 crore.
6.90% Government Security 2065: Government security being re-issued with a notified amount of ₹12,000 crore.
Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities: Scheme to allot up to 5% of the notified amount of the sale of securities to eligible individuals and institutions.
Mumbai: Location of the Reserve Bank of India Office where the auction will be conducted.
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 ₹12,000 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 December 12, 2025 (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 December 12, 2025. 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 December 12, 2025 (Friday) and
payment by successful bidders will be on December 15, 2025 (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: December 08, 2025