This is a press release from the Reserve Bank of India, dated December 19, 2025, regarding the result of the Underwriting Auction conducted on December 19, 2025, for Additional Competitive Underwriting (ACU) of Government securities. The Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers.
The cut-off rates for underwriting commission are as follows:
* 6. 01% GS 2030: Notified Amount ₹18,000 crore, Minimum Underwriting Commitment (MUC) Amount ₹9,009 crore, Additional Competitive Underwriting Amount Accepted ₹8,991 crore, Total Amount underwritten ₹18,000 crore, ACU Commission Cut-off rate 0.29 (Paise per ₹100)
* 7. 09% GS 2074: Notified Amount ₹12,000 crore, Minimum Underwriting Commitment (MUC) Amount ₹6,006 crore, Additional Competitive Underwriting Amount Accepted ₹5,994 crore, Total Amount underwritten ₹12,000 crore, ACU Commission Cut-off rate 1.19 (Paise per ₹100)
The auction for the sale of securities will be held on December 19, 2025. The contact person is Ajit Prasad, Deputy General Manager (Communications). Press Release number: 2025-2026/1735. Communication can be made at phone number 022 - 2266 0502. Website of Reserve bank of India: www.rbi.org.in
Key Entities Referenced
Reserve Bank of India: Sets cut-off rates for underwriting commission for government securities.
Additional Competitive Underwriting (ACU): Underwriting auction for government securities.
Primary Dealers: Payable entities of underwriting commission.
Mumbai: Location of the Department of Communication, Central Office.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
December 19, 2025
Result of Underwriting Auction conducted on December 19, 2025
In the underwriting auction conducted on December 19, 2025, for Additional Competitive
Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set
the cut-off rates for underwriting commission payable to Primary Dealers as given below:
Minimum
Additional ACU
Underwritin
Competitive Commissio
g Total Amount
Nomenclature of Notified Underwriting n Cut-off
Commitmen underwritten
the Security Amount Amount rate
t (MUC) (₹crore)
(₹crore) Accepted (Paise per
Amount
(₹crore) ₹10 0)
(₹crore)
6.01% GS 2030 18,000 9,009 8,991 18,000 0.29
7.09% GS 2074 12,000 6,006 5,994 12,000 1.19
Auction for the sale of securities will be held on December 19, 2025.
Ajit Prasad
Press Release: 2025-2026/1735 Deputy General Manager
(Communications)