On January 9, 2026, the Government of India will hold an underwriting auction for the sale/re-issue of Government Securities worth ₹29,000 crore. The auction will be conducted through a multiple price-based method via the Reserve Bank of India Core Banking Solution (e-Kuber system) between 09:00 A.M. and 09:30 A.M.
The amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD) are as follows:
- 6.68% GS 2040: Notified Amount 16,000 crore, MUC amount per PD: 381 crore, Minimum bidding commitment per PD under ACU auction: 381 crore.
- 6.90% GS 2065: Notified Amount 13,000 crore, MUC amount per PD: 310 crore, Minimum bidding commitment per PD under ACU auction: 310 crore.
The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities.
Contact: Ajit Prasad, Deputy General Manager (Communications). Press Release: 2025-2026/1881. Website: www.rbi.org.in, email: helpdoc@rbi.org.in. Phone: 022 - 2266 0502.
Key Entities Referenced
Reserve Bank of India: Central bank, regulator of the underwriting auction.
Government Securities: The subject of the underwriting auction.
Underwriting Auction: Auction for selling Government Securities.
Primary Dealer (PD): Entities participating in the underwriting auction.
e-Kuber: Reserve Bank of India Core Banking Solution used for the auction.
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 08, 2026
Underwriting Auction for sale of Government Securities for ₹29,000 crore
on January 09, 2026
Government of India has announced the sale (re-issue) of Government Securities, as
detailed below, through auction to be held on January 09, 2026 (Friday).
As per the extant scheme of underwriting commitment notified on November 14, 2007, the
amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding
commitment under Additional Competitive Underwriting (ACU) auction, applicable to each
Primary Dealer (PD), are as under:
(₹ crore)
Minimum bidding
Notified MUC amount per
Securities commitment per PD
Amount PD
under ACU auction
6.68% GS 2040 16,000 381 381
6.90% GS 2065 13,000 310 310
The underwriting auction will be conducted through multiple price-based method on
January 09, 2026 (Friday). PDs may submit their bids for ACU auction electronically
through the Reserve Bank of India Core Banking Solution (e-Kuber system) between 09:00
A.M. and 09:30 A.M. on the day of underwriting auction.
The underwriting commission will be credited to the current account of the respective
PDs with RBI on the day of issue of securities.
Ajit Prasad
Press Release: 2025-2026/1881 Deputy General Manager
(Communications)