The Government of India has announced the sale of "New Government Security 2035" for ₹32,000 crore (nominal) through a yield-based auction using a multiple price method. The auction, conducted by the Reserve Bank of India in Mumbai, will take place on October 03, 2025 (Friday). The government may retain an additional subscription of up to ₹2,000 crore. Up to 5% of the notified amount will be allotted to eligible individuals/institutions via the Non-Competitive Bidding Facility. Both competitive and non-competitive bids must be submitted electronically via the Reserve Bank of India Core Banking Solution (E-Kuber system) on October 03, 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 October 03, 2025 (Friday), with payment due by successful bidders on October 06, 2025 (Monday). The security is eligible for "When Issued" trading as per RBI circular No. RBI/2018-19/25 dated July 24, 2018. Contact the Government of India, Ministry of Finance, Department of Economic Affairs, Budget Division, Kartavya Bhawan-1, New Delhi - 110001. The announcement is dated September 29, 2025.
Key Entities Referenced
New Government Security 2035: Government security being auctioned.
Reserve Bank of India: Conducts the auction of the Government Security and issues guidelines.
Ministry of Finance: Government ministry responsible for the security sale.
Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities: Scheme to allot securities to eligible individuals and institutions.
PRESS COMMUNIQUE
Government of India (GoI) has announced the sale (issue) of “New Government Security
2035” for a notified amount of ₹32,000 crore (nominal) through yield based auction using
multiple price method. GoI will have the option to retain additional subscription up to ₹2,000
crore against the security mentioned above. The auction will be conducted by the Reserve
Bank of India, Mumbai Office, Fort, Mumbai on October 03, 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
October 03, 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 October 03, 2025 (Friday) and payment
by successful bidders will be on October 06, 2025 (Monday).
5. The Security 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: September 29, 2025