On January 16, 2026, the Reserve Bank of India conducted an underwriting auction for Additional Competitive Underwriting (ACU) of Government securities. The cut-off rates for underwriting commission payable to Primary Dealers were set 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 0.60 (Paise per ₹100).
* **New GS 2076:** Notified Amount ₹13,000 crore, Minimum Underwriting Commitment (MUC) Amount ₹6,510 crore, Additional Competitive Underwriting Amount Accepted ₹6,490 crore, Total Amount Underwritten ₹13,000 crore, ACU Commission Cut-off rate 1.15 (Paise per ₹100).
The auction for the sale of securities will be held on January 16, 2026.
The Press Release number is 2025-2026/1930. For communications, contact Ajit Prasad, Deputy General Manager. The Department of Communication's central office is located at Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. Phone number is 022-2266 0502. The website is www.rbi.org.in and email is helpdoc@rbi.org.in.
Key Entities Referenced
Reserve Bank of India: Central bank of India; the regulator setting cut-off rates for underwriting commissions.
Underwriting Auction: Auction for underwriting Government securities.
Primary Dealers: Entities to whom underwriting commission is payable.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
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
January 16, 2026
Result of Underwriting Auction conducted on January 16, 2026
In the underwriting auction conducted on January 16, 2026, 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
Underwriting Competitive
Total Amount Commission
Nomenclature of Notified Commitment Underwriting
underwritten Cut-off rate
the Security Amount (MUC) Amount
(₹ crore) (Paise per
(₹ crore) Amount Accepted
₹100)
(₹ crore) (₹ crore)
6.01% GS 2030 18,000 9,009 8,991 18,000 0.60
New GS 2076 13,000 6,510 6,490 13,000 1.15
Auction for the sale of securities will be held on January 16, 2026.
Ajit Prasad
Press Release: 2025-2026/1930 Deputy General Manager
(Communications)