On September 30, 2025, the Reserve Bank of India released the results of the yield/price based auction of State Government Securities (SGS).
The total amount to be raised was ₹34,100 Crore, and the amount accepted was also ₹34,100 Crore.
The Cut off Price (₹)/Yield (%) and Tenor (Years) for each state are as follows:
* **Andhra Pradesh:** ₹1000 Crore, 7.50%, 20 years; ₹1000 Crore, 7.50%, 21 years
* **Bihar:** ₹2000 Crore, 7.58%, 18 years; ₹2000 Crore, 7.57%, 24 years
* **Goa:** ₹100 Crore, 7.37%, 11 years
* **Haryana:** ₹1000 Crore, 7.43%, 14 years; ₹1000 Crore, 7.44%, 16 years
* **Kerala:** ₹2000 Crore, 7.49%, 15 years
* **Madhya Pradesh:** ₹1500 Crore, 7.48%, 20 years; ₹1500 Crore, 7.51%, 23 years
* **Maharashtra:** ₹1000 Crore, 100.23/6.6710, Re-issue of 6.74% Maharashtra SGS 2029, issued on September 10, 2025; ₹1000 Crore, 99.94/7.1890, Re-issue of 7.18% Maharashtra SGS 2033, issued on September 10, 2025; ₹1000 Crore, 100.12/7.2205, Re-issue of 7.24% Maharashtra SGS 2034, issued on September 10, 2025; ₹1000 Crore, 99.63/7.3193, Re-issue of 7.27% Maharashtra SGS 2036, issued on September 24, 2025
* **Punjab:** ₹2000 Crore, 7.57%, 12 years
* **Rajasthan:** ₹1500 Crore, 7.46%, 13 years; ₹1500 Crore, 7.56%, 16 years; ₹2000 Crore, 7.46%, 26 years; ₹2000 Crore, 7.44%, 30 years
* **Tamil Nadu:** ₹1000 Crore, 99.93/7.2696, Re-issue of 7.26% Tamil Nadu SGS 2035, issued on September 24, 2025
* **Telangana:** ₹1000 Crore, 7.53%, 27 years; ₹1000 Crore, 7.52%, 29 years; ₹1000 Crore, 7.44%, 31 years; ₹1000 Crore, 7.44%, 33 years
* **Uttarakhand:** ₹1500 Crore, 7.30%, 07 years
* **West Bengal:** ₹1500 Crore, 7.56%, 20 years
The Deputy General Manager (Communications) is Ajit Prasad. The press release number is 2025-2026/1200. Contact can be made via email: helpdoc@rbi.org.in, or phone: 022 - 2266 0502. The website is www.rbi.org.in. The central office is located at the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001.
Key Entities Referenced
State Government Securities: Securities issued by state governments.
Reserve Bank of India: The central bank of India, responsible for auctioning State Government Securities.
Maharashtra SGS: Specific State Government Securities issued by Maharashtra being re-issued in this auction.
Tamil Nadu SGS: Specific State Government Securities issued by Tamil Nadu being re-issued in this auction.
States of India: Andhra Pradesh, Bihar, Goa, Haryana, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttarakhand, and West Bengal are participating in the auction.