On February 18, 2026, the Reserve Bank of India released a press release (2025-2026/2134) announcing an underwriting auction for the sale (re-issue) of Government Securities worth ₹33,000 crore on February 20, 2026 (Friday). The auction will be conducted through a multiple price-based method. Primary Dealers (PDs) can submit bids for the Additional Competitive Underwriting (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 auction. The underwriting commission will be credited to the current account of respective PDs with RBI on the day of the issue of securities.
The Minimum Underwriting Commitment (MUC) and minimum bidding commitment per PD under the ACU auction are as follows:
- 6.03% GS 2029: Notified Amount of 9,000 crore, MUC amount per PD of 215 crore, Minimum bidding commitment per PD under ACU auction of 215 crore.
- 6.68% GS 2033: Notified Amount of 11,000 crore, MUC amount per PD of 262 crore, Minimum bidding commitment per PD under ACU auction of 262 crore.
- 7.24% GS 2055: Notified Amount of 13,000 crore, MUC amount per PD of 310 crore, Minimum bidding commitment per PD under ACU auction of 310 crore.
Contact information for the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001: Phone: 022 - 2266 0502. The website is www.rbi.org.in, and the email is helpdoc@rbi.org.in.
The Deputy General Manager (Communications) is Ajit Prasad.
Key Entities Referenced
Reserve Bank of India: Regulator conducting the auction.
Government Securities: Securities being auctioned.
Underwriting Auction: Auction for underwriting Government Securities.
e-Kuber: Reserve Bank of India Core Banking Solution used for the auction.
Mumbai: Location of the Reserve Bank of India's Department of Communication.
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
February 18, 2026
Underwriting Auction for sale of Government Securities for ₹33,000 crore
on February 20, 2026
Government of India has announced the sale (re-issue) of Government Securities, as
detailed below, through auction to be held on February 20, 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
6.03% GS 2029 9,000 215 215
6.68% GS 2033 11,000 262 262
7.24% GS 2055 13,000 310 310
The underwriting auction will be conducted through multiple price-based method on
February 20, 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: 2025-2026/2134 Deputy General Manager
(Communications)