On January 22, 2026, the Reserve Bank of India announced an underwriting auction for the sale (issue/re-issue) of Government Securities worth ₹33,000 crore on January 23, 2026 (Friday). The auction will be conducted through a multiple price-based method. Primary Dealers (PDs) can submit their 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 accounts of the respective PDs with the RBI on the day of issue of securities.
The amounts for the Minimum Underwriting Commitment (MUC) and minimum bidding commitment per PD under ACU auction for the securities are:
* New GS 2029: Notified Amount - 9,000, MUC amount per PD - 215, Minimum bidding commitment per PD under ACU auction - 215
* New GS 2033: Notified Amount - 11,000, MUC amount per PD - 262, Minimum bidding commitment per PD under ACU auction - 262
* 7.24% GS 2055: Notified Amount - 13,000, MUC amount per PD - 310, Minimum bidding commitment per PD under ACU auction - 310
For further information, contact Ajit Prasad, Deputy General Manager (Communications). The press release number is 2025-2026/1967. The Department of Communication's phone number is 022 - 2266 0502, and their email is helpdoc@rbi.org.in. Website addresses are www.rbi.org.in/hindi and www.rbi.org.in.
Key Entities Referenced
Government Securities: Securities being auctioned by the Government of India.
Reserve Bank of India: Conducting the underwriting auction through its Core Banking Solution (e-Kuber system).
Underwriting Auction: Auction for sale of Government Securities.
Primary Dealer (PD): Entities eligible to participate in the Additional Competitive Underwriting (ACU) auction.
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 22, 2026
Underwriting Auction for sale of Government Securities for ₹33,000 crore
on January 23, 2026
Government of India has announced the sale (issue/re-issue) of Government
Securities, as detailed below, through auction to be held on January 23, 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 2029 9,000 215 215
New 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
January 23, 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: 2025-2026/1967 Deputy General Manager
(Communications)