On December 04, 2025, the Reserve Bank of India (RBI) announced an underwriting auction for the sale (re-issue) of Government Security for ₹32,000 crore to be held on December 05, 2025 (Friday). The auction will be conducted through a multiple price-based method. Primary Dealers (PDs) may submit their bids for the Additional Competitive Underwriting (ACU) auction electronically through the Reserve Bank of India Core Banking Solution (e-Kuber system) between 10:30 A.M. and 11:00 A.M. on the day of the auction.
The amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under the ACU auction, applicable to each PD, are as follows: For the 6.48% GS 2035 security, the Notified Amount is 32,000 crore, the MUC amount per PD is 762 crore, and the Minimum bidding commitment per PD under the ACU auction is 762 crore.
The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of the issue of security. For inquiries, contact Ajit Prasad, Deputy General Manager (Communications). The Press Release number is 2025-2026/1624. RBI's website is www.rbi.org.in and the email address is helpdoc@rbi.org.in. The phone number is 022 - 2266 0502.
Key Entities Referenced
Underwriting Auction: Auction for sale (re-issue) of Government Security for ₹32,000 crore.
Reserve Bank of India: The central bank of India, involved in conducting the auction through the Core Banking Solution (e-Kuber system).
6.48% GS 2035: The specific Government Security being sold/re-issued.
e-Kuber system: Reserve Bank of India Core Banking Solution, the electronic platform for submitting bids in the ACU auction.
Primary Dealer (PD): Entities eligible to participate in the auction.
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
December 04, 2025
Underwriting Auction for sale of Government Security for ₹32,000 crore
on December 05, 2025
Government of India has announced the sale (re-issue) of Government Security, as
detailed below, through auction to be held on December 05, 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 per
Security commitment per PD
Amount PD
under ACU auction
6.48% GS 2035 32,000 762 762
The underwriting auction will be conducted through multiple price-based method on
December 05, 2025 (Friday). PDs may submit their bids for ACU auction electronically
through the Reserve Bank of India Core Banking Solution (e-Kuber system) between
10:30 A.M. and 11:00 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 security.
Ajit Prasad
Press Release: 2025-2026/1624 Deputy General Manager
(Communications)