On November 06, 2025, the Reserve Bank of India released a press statement announcing an underwriting auction for the sale (re-issue) of Government Security for ₹32,000 crore on November 07, 2025. 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 auction day. The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of security issue.
As per the underwriting commitment scheme notified on November 14, 2007, the Minimum Underwriting Commitment (MUC) and minimum bidding commitment under ACU auction are as follows:
For the security 6.48% GS 2035, the notified amount is 32,000 crore, the MUC amount per PD is 762 crore, and the minimum bidding commitment per PD under ACU auction is 762 crore.
Contact information for the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001: Phone: 022 - 2266 0502. Website: www.rbi.org.in. Email: helpdoc@rbi.org.in.
The Deputy General Manager (Communications) is Ajit Prasad.
Press Release number is 2025-2026/1454.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for conducting the underwriting auction and crediting the underwriting commission.
Government Security: The security being sold through the underwriting auction.
Primary Dealer (PD): Entities eligible to participate in the underwriting auction with Minimum Underwriting Commitment (MUC) and Additional Competitive Underwriting (ACU).
e-Kuber: The Reserve Bank of India Core Banking Solution through which Primary Dealers can submit their bids.
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
November 06, 2025
Underwriting Auction for sale of Government Security for ₹32,000 crore
on November 07, 2025
Government of India has announced the sale (re-issue) of Government Security, as
detailed below, through auction to be held on November 07, 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
November 07, 2025 (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: 2025-2026/1454 Deputy General Manager
(Communications)