On September 25, 2025, the Reserve Bank of India announced an underwriting auction for the sale (re-issue) of Government Securities totaling ₹32,000 crore on September 26, 2025 (Friday). The auction will be conducted using a multiple price-based method. Primary Dealers (PDs) can submit bids for the Additional Competitive Underwriting (ACU) auction electronically through the Core Banking Solution (E-Kuber) System between 09:00 A.M. and 09:30 A.M. on the auction day.
The Minimum Underwriting Commitment (MUC) and minimum bidding commitment under the ACU auction, as per the notification of November 14, 2007, are as follows:
| Security | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction |
|---------------|-----------------|--------------------|-------------------------------------------------------|
| 6.68% GS 2040 | 16,000 | 381 | 381 |
| 6.90% GS 2065 | 16,000 | 381 | 381 |
The underwriting commission will be credited to the current accounts of the respective PDs with RBI on the day of securities issuance.
Press Release: 2025-2026/1166. For additional information, contact Ajit Prasad, Deputy General Manager (Communications). Website: www.rbi.org.in. E-mail: helpdoc@rbi.org.in. Phone: 022 - 2266 0502. Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for conducting the underwriting auction.
Government Securities: The financial instruments being sold through the underwriting auction.
Primary Dealer (PD): Financial institutions participating in the underwriting auction.
Minimum Underwriting Commitment (MUC): The minimum amount of government securities that a primary dealer commits to underwrite.
Additional Competitive Underwriting (ACU): An auction mechanism for primary dealers to bid for underwriting government securities.
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
September 25, 2025
Underwriting Auction for sale of Government Securities for ₹32,000 crore
on September 26, 2025
Government of India has announced the sale (re-issue) of Government Securities, as
detailed below, through auctions to be held on September 26, 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
Security commitment per PD
Amount per PD
under ACU auction
6.68% GS 2040 16,000 381 381
6.90% GS 2065 16,000 381 381
The underwriting auction will be conducted through multiple price-based method on
September 26, 2025 (Friday). PDs may submit their bids for ACU auction electronically
through 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: 2025-2026/1166 Deputy General Manager
(Communications)