On November 20, 2025, the Government of India announced the sale (re-issue) of Government Securities for ₹30,000 crore through an underwriting auction to be held on November 21, 2025 (Friday).
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:
- 6.01% GS 2030: Notified Amount of 18,000 crore, MUC amount per PD of 429 crore, Minimum bidding commitment per PD under ACU auction of 429 crore
- 7.09% GS 2074: Notified Amount of 12,000 crore, MUC amount per PD of 286 crore, Minimum bidding commitment per PD under ACU auction of 286 crore
The underwriting auction will be conducted through multiple price-based method on November 21, 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.
Contact: Ajit Prasad, Deputy General Manager (Communications).
Press Release: 2025-2026/1535.
RBI Website: www.rbi.org.in
RBI Email: helpdoc@rbi.org.in
Phone: 022 - 2266 0502
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for conducting the underwriting auction.
Government Securities: The financial instruments being auctioned, with a value of ₹30,000 crore.
Primary Dealer (PD): Entities participating in the underwriting auction.
Mumbai: Location of the Department of Communication, Central Office.
e-Kuber system: The Reserve Bank of India Core Banking Solution used 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
November 20, 2025
Underwriting Auction for sale of Government Securities for ₹30,000 crore
on November 21, 2025
Government of India has announced the sale (re-issue) of Government Securities, as
detailed below, through auction to be held on November 21, 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
Security 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
November 21, 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: 2025-2026/1535 Deputy General Manager
(Communications)