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 are as follows: New GS 2029 has a Notified Amount of ₹9,000 crore, Minimum Underwriting Commitment (MUC) Amount of ₹4,515 crore, Additional Competitive Underwriting Amount Accepted of ₹4,485 crore, Total Amount Underwritten of ₹9,000 crore, and an ACU Commission Cut-off rate of 0.25 Paise per ₹100. New GS 2033 has a Notified Amount of ₹11,000 crore, Minimum Underwriting Commitment (MUC) Amount of ₹5,502 crore, Additional Competitive Underwriting Amount Accepted of ₹5,498 crore, Total Amount Underwritten of ₹11,000 crore, and an ACU Commission Cut-off rate of 0.49 Paise per ₹100. 7.24% GS 2055 has a Notified Amount of ₹13,000 crore, Minimum Underwriting Commitment (MUC) Amount of ₹6,510 crore, Additional Competitive Underwriting Amount Accepted of ₹6,490 crore, Total Amount Underwritten of ₹13,000 crore, and an ACU Commission Cut-off rate of 0.84 Paise per ₹100. The auction for the sale of securities will be held on January 23, 2026. The Press Release number is 2025-2026/1977. Ajit Prasad, Deputy General Manager (Communications) is the contact person. The Department of Communication is located at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, and the phone number is 022 - 2266 0502. The website is www.rbi.org.in, and the email address is helpdoc@rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, conducting the underwriting auction.
Additional Competitive Underwriting (ACU): A mechanism for underwriting government securities.
Mumbai: Location of the Reserve Bank of India Central Office.
Primary Dealers: Entities to whom underwriting commission is payable
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)