The Government of India (Gol) has announced the re-issue of "6.68% Government Security 2040" for ₹16,000 crore (nominal) and "6.90% Government Security 2065" for ₹12,000 crore (nominal) through price-based auctions using multiple price methods. Gol can retain additional subscriptions up to ₹2,000 crore for each security. The auction will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 14, 2025 (Friday).
Up to 5% of the notified amount will be allotted to eligible individuals and institutions via the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically through the Reserve Bank of India Core Banking Solution (E-Kuber system) on November 14, 2025. Non-competitive bids should 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 November 14, 2025 (Friday), and payments from successful bidders are due on November 17, 2025 (Monday). The securities are eligible for "When Issued" trading under RBI circular No. RBI/2018-19/25 dated July 24, 2018, as amended.
The announcement is from the Government of India, Ministry of Finance, Department of Economic Affairs, Budget Division, Kartavya Bhavan-1, New Delhi - 110001, and is dated November 10, 2025.
Key Entities Referenced
Reserve Bank of India: Conducts the auction of the 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: Up to 5% of the notified amount of the sale of securities will be allotted as per this scheme.
Mumbai: Location where the auction will be conducted by the Reserve Bank of India.
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 November 14, 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 November 14, 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 November 14, 2025 (Friday) and
payment by successful bidders will be on November 17, 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 BHAVAN-1, NEW DELHI - 110001
Dated: November 10, 2025