The Reserve Bank of India (RBI) will conduct an underwriting auction for the sale of Government Securities (re-issue) worth ₹29,000 crore on March 06, 2026. The auction will include two securities: 6.68% GS 2040, with a notified amount of ₹16,000 crore, and 6.90% GS 2065, with a notified amount of ₹13,000 crore. For each security, the Minimum Underwriting Commitment (MUC) per Primary Dealer (PD) is ₹381 crore for 6.68% GS 2040 and ₹310 crore for 6.90% GS 2065. Similarly, the minimum bidding commitment per PD under the Additional Competitive Underwriting (ACU) auction is ₹381 crore and ₹310 crore, respectively. The auction will utilize a multiple price-based method, with bids for the ACU auction to be submitted electronically through the RBI's e-Kuber system between 09:00 A.M. and 09:30 A.M. on March 06, 2026. Underwriting commissions will be credited to the current accounts of the respective PDs with the RBI on the day of the securities issue. For further information, contact the Department of Communication at +91-22-22660502 or helpdoc@rbi.org.in. The press release number is 2025-2026/2212.
Key Entities Referenced
Government Securities: The financial instruments being sold through an underwriting auction.
Reserve Bank of India: The entity conducting the underwriting auction and managing the Government Securities.
Minimum Underwriting Commitment (MUC): A commitment requirement for Primary Dealers related to underwriting Government Securities.
Additional Competitive Underwriting (ACU) auction: A type of auction for Government Securities where Primary Dealers have bidding commitments.
Primary Dealer (PD): Financial institutions that participate in underwriting auctions of Government Securities.
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
March 05, 2026
Underwriting Auction for sale of Government Securities for ₹29,000 crore
on March 06, 2026
Government of India has announced the sale (re-issue) of Government Securities, as
detailed below, through auction to be held on March 06, 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
March 06, 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: 2025-2026/2212 Deputy General Manager
(Communications)