On January 23, 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 have been set.
The details are as follows:
* **New GS 2029:** Notified Amount ₹9,000 crore, Minimum Underwriting Commitment (MUC) Amount ₹4,515 crore, Additional Competitive Underwriting Amount Accepted ₹4,485 crore, Total Amount underwritten ₹9,000 crore, ACU Commission Cut-off rate 0.25 Paise per ₹100.
* **New GS 2033:** Notified Amount ₹11,000 crore, Minimum Underwriting Commitment (MUC) Amount ₹5,502 crore, Additional Competitive Underwriting Amount Accepted ₹5,498 crore, Total Amount underwritten ₹11,000 crore, ACU Commission Cut-off rate 0.49 Paise per ₹100.
* **7.24% GS 2055:** 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 0.84 Paise per ₹100.
The auction for the sale of securities will be held on January 23, 2026.
Press Release: 2025-2026/1977.
Contact: Ajit Prasad, Deputy General Manager (Communications).
Website: www.rbi.org.in
Email: helpdoc@rbi.org.in
Phone: 022-2266 0502
Key Entities Referenced
Reserve Bank of India: Central bank responsible for conducting the underwriting auction.
Additional Competitive Underwriting (ACU): Scheme for underwriting Government securities through auction.
Government Securities: The type of securities being underwritten in the auction.
Primary Dealers: The entities to whom underwriting commission is payable.
Mumbai: Location of the Department of Communication of RBI.
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
January 23, 2026
Result of Underwriting Auction conducted on January 23, 2026
In the underwriting auction conducted on January 23, 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
₹10 0)
(₹ crore) (₹ crore)
New GS 2029 9,000 4,515 4,485 9,000 0.25
New GS 2033 11,000 5,502 5,498 11,000 0.49
7.24% GS 2055 13,000 6,510 6,490 13,000 0.84
Auction for the sale of securities will be held on January 23, 2026.
Ajit Prasad
Press Release: 2025-2026/1977 Deputy General Manager
(Communications)