On February 12, 2026, the Reserve Bank of India issued a press release announcing an underwriting auction for the sale of ₹31,000 crore in Government Securities on February 13, 2026. The Government of India has announced the sale (issue/re-issue) of Government Securities. The auction will be conducted through a multiple price-based method, and Primary Dealers (PDs) may submit bids 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 the 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. 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:
| Securities | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction |
| :------------ | :-------------- | :---------------- | :--------------------------------------------------- |
| New GS 2031 | 18,000 | 429 | 429 |
| 7.43% GS 2076 | 13,000 | 310 | 310 |
Contact information: Ajit Prasad, Deputy General Manager (Communications). Press Release: 2025-2026/2096.
Key Entities Referenced
Government Securities: Securities being sold/re-issued through an underwriting auction.
Reserve Bank of India Core Banking Solution (e-Kuber system): Electronic platform for Primary Dealers (PDs) to submit bids for the ACU auction.
Primary Dealer (PD): Entities participating in the auction with Minimum Underwriting Commitments (MUC) and Additional Competitive Underwriting (ACU).
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
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
February 12, 2026
Underwriting Auction for sale of Government Securities for ₹31,000 crore
on February 13, 2026
Government of India has announced the sale (issue/re-issue) of Government
Securities, as detailed below, through auction to be held on February 13, 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
New GS 2031 18,000 429 429
7.43% GS 2076 13,000 310 310
The underwriting auction will be conducted through multiple price-based method on
February 13, 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: 2025-2026/2096 Deputy General Manager
(Communications)