The Reserve Bank of India (RBI) has announced an underwriting auction for the sale (re-issue) of Government Security for ₹32,000 crore on January 02, 2026. 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 through the Reserve Bank of India Core Banking Solution (e-Kuber system) between 09:00 A.M. and 09:30 A.M. on January 02, 2026.
The following table details the security, notified amount, MUC amount per PD, and the minimum bidding commitment per PD under ACU auction:
| Security | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction |
|---------------|-----------------|-------------------|------------------------------------------------------|
| 6.48% GS 2035 | 32,000 | 762 | 762 |
The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of security. The press release number is 2025-2026/1822. For further information, contact Ajit Prasad, Deputy General Manager (Communications), at 022 - 2266 0502 or visit www.rbi.org.in, email: helpdoc@rbi.org.in. The RBI central office is located at Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, involved in conducting the underwriting auction.
Government Security: The financial instrument being auctioned, specifically 6.48% GS 2035.
Underwriting Auction: Auction for the sale (re-issue) of Government Security for ₹32,000 crore.
Additional Competitive Underwriting (ACU): Auction type with minimum bidding commitment applicable to each Primary Dealer (PD).
Primary Dealer (PD): Entities eligible to participate in the underwriting 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 01, 2026
Underwriting Auction for sale of Government Security for ₹32,000 crore
on January 02, 2026
Government of India has announced the sale (re-issue) of Government Security, as
detailed below, through auction to be held on January 02, 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
Security commitment per PD
Amount per PD
under ACU auction
6.48% GS 2035 32,000 762 762
The underwriting auction will be conducted through multiple price-based method on
January 02, 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 security.
Ajit Prasad
Press Release: 2025-2026/1822 Deputy General Manager
(Communications)