On December 18, 2025, the Reserve Bank of India released a press release announcing an underwriting auction for the sale (re-issue) of Government Securities for ₹30,000 crore on December 19, 2025 (Friday). The auction will be held via the Reserve Bank of India Core Banking Solution (e-Kuber system) between 09:00 A.M. and 09:30 A.M. that day.
The notified amounts, MUC amount per Primary Dealer (PD) and minimum bidding commitment per PD under ACU auction for the securities 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.
Primary Dealers (PDs) may submit their bids for ACU auction electronically. The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities. The contact for communications is Ajit Prasad, Deputy General Manager. The press release number is 2025-2026/1727. RBI's website is www.rbi.org.in and the email address is helpdoc@rbi.org.in. The phone number is 022-2266 0502.
Key Entities Referenced
Reserve Bank of India: The central bank of India, conducting the underwriting auction.
Government Securities: Securities being sold/re-issued through an underwriting auction.
Primary Dealer (PD): Entities eligible to participate in the Additional Competitive Underwriting (ACU) auction.
e-Kuber: Reserve Bank of India Core Banking Solution for submitting bids for ACU auction electronically.
Mumbai: Location of the Department of Communication, Central Office of RBI.
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)