On October 31, 2025, the Reserve Bank of India announced the results of the underwriting auction conducted on the same day 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:
* **5.91% GS 2028:** Notified Amount ₹9,000 crore, Minimum Underwriting Commitment Amount ₹4,515 crore, Additional Competitive Underwriting Amount Accepted ₹4,485 crore, Total Amount Underwritten ₹9,000 crore, ACU Commission Cut-off rate 0.15 Paise per ₹100
* **6.28% GS 2032:** Notified Amount ₹11,000 crore, Minimum Underwriting Commitment Amount ₹5,502 crore, Additional Competitive Underwriting Amount Accepted ₹5,498 crore, Total Amount Underwritten ₹11,000 crore, ACU Commission Cut-off rate 0.30 Paise per ₹100
* **7.24% GS 2055:** Notified Amount ₹7,000 crore, Minimum Underwriting Commitment Amount ₹3,507 crore, Additional Competitive Underwriting Amount Accepted ₹3,493 crore, Total Amount Underwritten ₹7,000 crore, ACU Commission Cut-off rate 0.67 Paise per ₹100
* **6.98% GOI SGrB 2054:** Notified Amount ₹5,000 crore, Minimum Underwriting Commitment Amount ₹2,520 crore, Additional Competitive Underwriting Amount Accepted ₹2,480 crore, Total Amount Underwritten ₹5,000 crore, ACU Commission Cut-off rate 1.50 Paise per ₹100
The auction for the sale of securities will be held on October 31, 2025. The press release number is 2025-2026/1421. For communications, contact Ajit Prasad, Deputy General Manager. The Reserve Bank of India's website is www.rbi.org.in, and the email address is helpdoc@rbi.org.in. The Department of Communication, Central Office is located at Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, with phone number 022 - 2266 0502.
Key Entities Referenced
Reserve Bank of India: Central bank that has set the cut-off rates for underwriting commission.
Additional Competitive Underwriting (ACU): Auction of government securities through Additional Competitive Underwriting.
Primary Dealers: Entities that will receive underwriting commission as stated in the press release.
Mumbai: Location of the Department of Communication office of the Reserve Bank of India.
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
October 31, 2025
Result of Underwriting Auction conducted on October 31, 2025
In the underwriting auction conducted on October 31, 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
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)
5.91% GS 2028 9,000 4,515 4,485 9,000 0.15
6.28% GS 2032 11,000 5,502 5,498 11,000 0.30
7.24% GS 2055 7,000 3,507 3,493 7,000 0.67
6.98% GOI SGrB
5,000 2,520 2,480 5,000 1.50
2054
Auction for the sale of securities will be held on October 31, 2025.
Ajit Prasad
Press Release: 2025-2026/1421 Deputy General Manager
(Communications)