On January 14, 2026, the Reserve Bank of India (RBI) released a press release announcing an underwriting auction for the sale of Government Securities worth ₹31,000 crore on January 16, 2026 (Friday). The auction pertains to the sale (issue/re-issue) of Government Securities, as announced by the Government of India. In accordance with the underwriting commitment scheme notified on November 14, 2007, the Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction applicable to each Primary Dealer (PD) are specified. For 6.01% GS 2030, the notified amount is 18,000, the MUC amount per PD is 429, and the minimum bidding commitment per PD under ACU auction is 429 (₹ crore). For New GS 2076, the notified amount is 13,000, the MUC amount per PD is 310, and the minimum bidding commitment per PD under ACU auction is 310 (₹ crore). The underwriting auction will be conducted using a multiple price-based method on January 16, 2026 (Friday). Primary Dealers (PDs) can submit bids for the 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 underwriting auction. The underwriting commission will be credited to the current accounts of the respective PDs with RBI on the issue date of securities. The contact for this is Ajit Prasad, Deputy General Manager (Communications). The Press Release number is 2025-2026/1917.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for conducting the underwriting auction.
Government Securities: The securities being auctioned, specifically 6.01% GS 2030 and New GS 2076.
Underwriting Auction: The auction process for the sale of Government Securities.
Primary Dealer (PD): Entities eligible to participate in the auction and underwrite the securities.
Mumbai: Location of the Department of Communication, Central Office of Reserve Bank of India.
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
January 14, 2026
Underwriting Auction for sale of Government Securities for ₹31,000 crore
on January 16, 2026
Government of India has announced the sale (issue / re-issue) of Government
Securities, as detailed below, through auction to be held on January 16, 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
6.01% GS 2030 18,000 429 429
New GS 2076 13,000 310 310
The underwriting auction will be conducted through multiple price-based method on
January 16, 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: 2025-2026/1917 Deputy General Manager
(Communications)