On February 12, 2026, the Reserve Bank of India (RBI) announced an underwriting auction for the sale (issue/re-issue) of Government Securities worth ₹31,000 crore, scheduled for February 13, 2026 (Friday). The auction will follow a multiple price-based method. Primary Dealers (PDs) can submit bids for the 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 February 13, 2026.
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 |
The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities. The Press Release number is 2025-2026/2096. Contact person: Ajit Prasad, Deputy General Manager (Communications). Phone: 022 - 2266 0502. Email: helpdoc@rbi.org.in. Website: www.rbi.org.in.
Key Entities Referenced
Government Securities: Securities issued by the Government of India, which are being auctioned.
Reserve Bank of India (RBI): The central bank conducting the underwriting auction for Government Securities.
Primary Dealer (PD): Entities that can participate in the underwriting auction of Government Securities.
e-Kuber system: Reserve Bank of India Core Banking Solution system for submitting bids for ACU auction.
Mumbai: Location of the Department of Communication, Central Office, Reserve Bank of India.
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)