On December 18, 2025, the Reserve Bank of India announced an underwriting auction for the sale (re-issue) of Government Securities worth ₹30,000 crore on December 19, 2025 (Friday).
The auction will follow a multiple price-based method. Primary Dealers (PDs) can submit bids for the Additional Competitive Underwriting (ACU) auction electronically via 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 the auction.
As per the underwriting commitment scheme notified on November 14, 2007, the Minimum Underwriting Commitment (MUC) and minimum bidding commitment per PD under the ACU auction are as follows:
- 6.01% GS 2030: Notified Amount 18,000 crore, MUC amount per PD 429 crore, Minimum bidding commitment per PD under ACU auction 429 crore.
- 7.09% GS 2074: Notified Amount 12,000 crore, MUC amount per PD 286 crore, Minimum bidding commitment per PD under ACU auction 286 crore.
The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of the issue of securities.
For further information, contact Ajit Prasad, Deputy General Manager (Communications). Press Release number: 2025-2026/1727.
Key Entities Referenced
Reserve Bank of India: Central bank conducting the underwriting auction and crediting underwriting commission.
Government Securities: The financial instruments being sold in the underwriting auction.
Underwriting Auction: The auction process for selling government securities.
Mumbai: Location of the Reserve Bank of India's Department of Communication.
e-Kuber: Reserve Bank of India Core Banking Solution system for submitting bids.
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
December 18, 2025
Underwriting Auction for sale of Government Securities for ₹30,000 crore
on December 19, 2025
Government of India has announced the sale (re-issue) of Government Securities, as
detailed below, through auction to be held on December 19, 2025 (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
6.01% GS 2030 18,000 429 429
7.09% GS 2074 12,000 286 286
The underwriting auction will be conducted through multiple price-based method on
December 19, 2025 (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: 2025-2026/1727 Deputy General Manager
(Communications)