What changed

The Reserve Bank of India (RBI) has announced an auction for State Government Securities (SGS) with an aggregate face value of ₹39,541 Crore. This auction includes both new issuances and re-issues of existing securities across various tenors, ranging from 5 to 30 years, and some with additional greenshoe options. The specific amounts offered by states such as Assam, Gujarat, Haryana, Kerala, Madhya Pradesh, Nagaland, Rajasthan, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand, and West Bengal are detailed.

This notice serves as an announcement of the auction details and does not impose new compliance obligations on regulated entities. Investors interested in participating in the auction should refer to the specific terms and conditions provided by the RBI and their respective financial intermediaries. The auction is scheduled for March 24, 2026, and is a routine part of public debt management for state governments.

Source document (simplified)

Press Releases

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| Date : Mar 24, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Auction of State Government Securities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹39,541 Crore (Face Value).

\| Sr. No. \| State \| Amount to be raised
(₹ Crore) \| Additional Borrowing (Greenshoe) Option
(₹ Crore) \| Tenor
(Year) \| Type of Auction \|
\| 1. \| Assam \| 500 \| - \| 10 \| Yield \|
\| 2. \| Gujarat \| 1000 \| 500 \| 09 \| Yield \|
\| 3. \| Haryana \| 1000 \| - \| 05 \| Yield \|
\| 1500 \| - \| 15 \| Yield \| \| \|
\| 1500 \| - \| 18 \| Yield \| \| \|
\| 4. \| Kerala \| 1000 \| - \| 15 \| Yield \|
\| 750 \| - \| 20 \| Yield \| \| \|
\| 5. \| Madhya Pradesh \| 1500 \| - \| 14 \| Yield \|
\| 1000 \| - \| 24 \| Yield \| \| \|
\| 6. \| Nagaland \| 350 \| - \| 15 \| Yield \|
\| 7. \| Rajasthan \| 1000 \| - \| Re-issue of 7.54% Rajasthan SGS 2035, issued on December 24, 2025 \| Price \|
\| 1230 \| - \| 12 \| Yield \| \| \|
\| 1000 \| - \| 15 \| Yield \| \| \|
\| 8. \| Tamil Nadu \| 1000 \| - \| Re-issue of 6.92% Tamil Nadu SGS 2030, issued on January 07, 2026 \| Price \|
\| 1500 \| - \| Re-issue of 7.31% Tamil Nadu SGS 2033, issued on January 21, 2026 \| Price \| \| \|
\| 2000 \| - \| Re-issue of 7.18% Tamil Nadu SGS 2035, issued on March 12, 2025 \| Price \| \| \|
\| 1500 \| - \| Re-issue of 7.58% Tamil Nadu SGS 2037, issued on February 11, 2026 \| Price \| \| \|
\| 1715 \| - \| Re-issue of 7.52% Tamil Nadu SGS 2055, issued on December 03, 2025 \| Price \| \| \|
\| 9. \| Tripura \| 550 \| - \| 17 \| Yield \|
\| 550 \| - \| 20 \| Yield \| \| \|
\| 550 \| - \| 22 \| Yield \| \| \|
\| 10. \| Uttar Pradesh \| 1200 \| - \| Re-issue of 7.67% Uttar Pradesh SGS 2041, issued on February 18, 2026 \| Price \|
\| 1500 \| - \| Re-issue of 7.72% Uttar Pradesh SGS 2044, issued on March 18, 2026 \| Price \| \| \|
\| 1500 \| - \| 25 \| Yield \| \| \|
\| 1146 \| - \| 30 \| Yield \| \| \|
\| 11. \| Uttarakhand \| 500 \| - \| 09 \| Yield \|
\| 1000 \| - \| 18 \| Yield \| \| \|
\| 12. \| West Bengal \| 2000 \| - \| Re-issue of 7.58% West Bengal SGS 2042, issued on December 31, 2025 \| Price \|
\| 2000 \| - \| Re-issue of 7.57% West Bengal SGS 2046, issued on December 31, 2025 \| Price \| \| \|
\| 2000 \| - \| 23 \| Yield \| \| \|
\| 2000 \| - \| 26 \| Yield \| \| \|
\| 2000 \| - \| 30 \| Yield \| \| \|
\| \| Total \| 39541 \| \| \| \|
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on March 27, 2026 (Friday). The Government Stock up to ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of one per cent of its notified amount for a single bid per stock as per the ' Scheme for Non-competitive Bidding Facility '. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on March 27, 2026 (Friday). The competitive bids should be submitted between 10:30 A.M. and 11:30 A.M. and non-competitive bids should be submitted between 10:30 A.M. and 11:00 A.M.

In case of technical difficulties, Core Banking Operations Team may be contacted (email; Phone no: 022-69870466, 022-69870415).

For other auction related difficulties, IDMD Auction Team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22603456, 022-22603457, 022-22603190) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends.

The yield per cent per annum or the price as the case may be, expected by the bidder should be expressed up to two decimal points. An investor can submit more than one competitive bid at same/different rates of yield or prices in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids submitted by a bidder should not exceed the notified amount for each State.

The Reserve Bank of India will determine the maximum yield / minimum price at which bids will be accepted. Stock will be issued for a minimum nominal amount of ₹10,000.00 and in multiples of ₹10,000.00 thereafter.

The results of the auction will be announced on March 27, 2026 (Friday) and payment by successful bidders will be made during banking hours on March 30, 2026 (Monday) at Mumbai and at respective Regional Offices of RBI.

The new State Government Stocks will bear interest at the rates determined by RBI at the auctions. For the new stock, interest will be paid half yearly on September 30 and March 30 of each year till maturity. For the re-issued Government Stock, interest will be paid at the rate as determined on the date of original issue of Government Stock and will be paid on half yearly basis till maturity. The Stocks will be governed by the provisions of the Government Securities Act, 2006 and the Government Securities Regulations, 2007.

The investment in State Government Stocks will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility.

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2320 | Sr. No. | State | Amount to be raised
(₹ Crore) | Additional Borrowing (Greenshoe) Option
(₹ Crore) | Tenor
(Year) | Type of Auction | 1. | Assam | 500 | - | 10 | Yield | 2. | Gujarat | 1000 | 500 | 09 | Yield | 3. | Haryana | 1000 | - | 05 | Yield | 1500 | - | 15 | Yield | 1500 | - | 18 | Yield | 4. | Kerala | 1000 | - | 15 | Yield | 750 | - | 20 | Yield | 5. | Madhya Pradesh | 1500 | - | 14 | Yield | 1000 | - | 24 | Yield | 6. | Nagaland | 350 | - | 15 | Yield | 7. | Rajasthan | 1000 | - | Re-issue of 7.54% Rajasthan SGS 2035, issued on December 24, 2025 | Price | 1230 | - | 12 | Yield | 1000 | - | 15 | Yield | 8. | Tamil Nadu | 1000 | - | Re-issue of 6.92% Tamil Nadu SGS 2030, issued on January 07, 2026 | Price | 1500 | - | Re-issue of 7.31% Tamil Nadu SGS 2033, issued on January 21, 2026 | Price | 2000 | - | Re-issue of 7.18% Tamil Nadu SGS 2035, issued on March 12, 2025 | Price | 1500 | - | Re-issue of 7.58% Tamil Nadu SGS 2037, issued on February 11, 2026 | Price | 1715 | - | Re-issue of 7.52% Tamil Nadu SGS 2055, issued on December 03, 2025 | Price | 9. | Tripura | 550 | - | 17 | Yield | 550 | - | 20 | Yield | 550 | - | 22 | Yield | 10. | Uttar Pradesh | 1200 | - | Re-issue of 7.67% Uttar Pradesh SGS 2041, issued on February 18, 2026 | Price | 1500 | - | Re-issue of 7.72% Uttar Pradesh SGS 2044, issued on March 18, 2026 | Price | 1500 | - | 25 | Yield | 1146 | - | 30 | Yield | 11. | Uttarakhand | 500 | - | 09 | Yield | 1000 | - | 18 | Yield | 12. | West Bengal | 2000 | - | Re-issue of 7.58% West Bengal SGS 2042, issued on December 31, 2025 | Price | 2000 | - | Re-issue of 7.57% West Bengal SGS 2046, issued on December 31, 2025 | Price | 2000 | - | 23 | Yield | 2000 | - | 26 | Yield | 2000 | - | 30 | Yield | | Total | 39541 | | | |
| Sr. No. | State | Amount to be raised
(₹ Crore) | Additional Borrowing (Greenshoe) Option
(₹ Crore) | Tenor
(Year) | Type of Auction | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. | Assam | 500 | - | 10 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. | Gujarat | 1000 | 500 | 09 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. | Haryana | 1000 | - | 05 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1500 | - | 15 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1500 | - | 18 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 4. | Kerala | 1000 | - | 15 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 750 | - | 20 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5. | Madhya Pradesh | 1500 | - | 14 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1000 | - | 24 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 6. | Nagaland | 350 | - | 15 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 7. | Rajasthan | 1000 | - | Re-issue of 7.54% Rajasthan SGS 2035, issued on December 24, 2025 | Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1230 | - | 12 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1000 | - | 15 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 8. | Tamil Nadu | 1000 | - | Re-issue of 6.92% Tamil Nadu SGS 2030, issued on January 07, 2026 | Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1500 | - | Re-issue of 7.31% Tamil Nadu SGS 2033, issued on January 21, 2026 | Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2000 | - | Re-issue of 7.18% Tamil Nadu SGS 2035, issued on March 12, 2025 | Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1500 | - | Re-issue of 7.58% Tamil Nadu SGS 2037, issued on February 11, 2026 | Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1715 | - | Re-issue of 7.52% Tamil Nadu SGS 2055, issued on December 03, 2025 | Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 9. | Tripura | 550 | - | 17 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 550 | - | 20 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 550 | - | 22 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 10. | Uttar Pradesh | 1200 | - | Re-issue of 7.67% Uttar Pradesh SGS 2041, issued on February 18, 2026 | Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1500 | - | Re-issue of 7.72% Uttar Pradesh SGS 2044, issued on March 18, 2026 | Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1500 | - | 25 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1146 | - | 30 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 11. | Uttarakhand | 500 | - | 09 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1000 | - | 18 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 12. | West Bengal | 2000 | - | Re-issue of 7.58% West Bengal SGS 2042, issued on December 31, 2025 | Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2000 | - | Re-issue of 7.57% West Bengal SGS 2046, issued on December 31, 2025 | Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2000 | - | 23 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2000 | - | 26 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2000 | - | 30 | Yield | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total | 39541 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹39,541 Crore (Face Value).

| Sr. No. | State | Amount to be raised
(₹ Crore) | Additional Borrowing (Greenshoe) Option
(₹ Crore) | Tenor
(Year) | Type of Auction |
| 1. | Assam | 500 | - | 10 | Yield |
| 2. | Gujarat | 1000 | 500 | 09 | Yield |
| 3. | Haryana | 1000 | - | 05 | Yield |
| 1500 | - | 15 | Yield | | |
| 1500 | - | 18 | Yield | | |
| 4. | Kerala | 1000 | - | 15 | Yield |
| 750 | - | 20 | Yield | | |
| 5. | Madhya Pradesh | 1500 | - | 14 | Yield |
| 1000 | - | 24 | Yield | | |
| 6. | Nagaland | 350 | - | 15 | Yield |
| 7. | Rajasthan | 1000 | - | Re-issue of 7.54% Rajasthan SGS 2035, issued on December 24, 2025 | Price |
| 1230 | - | 12 | Yield | | |
| 1000 | - | 15 | Yield | | |
| 8. | Tamil Nadu | 1000 | - | Re-issue of 6.92% Tamil Nadu SGS 2030, issued on January 07, 2026 | Price |
| 1500 | - | Re-issue of 7.31% Tamil Nadu SGS 2033, issued on January 21, 2026 | Price | | |
| 2000 | - | Re-issue of 7.18% Tamil Nadu SGS 2035, issued on March 12, 2025 | Price | | |
| 1500 | - | Re-issue of 7.58% Tamil Nadu SGS 2037, issued on February 11, 2026 | Price | | |
| 1715 | - | Re-issue of 7.52% Tamil Nadu SGS 2055, issued on December 03, 2025 | Price | | |
| 9. | Tripura | 550 | - | 17 | Yield |
| 550 | - | 20 | Yield | | |
| 550 | - | 22 | Yield | | |
| 10. | Uttar Pradesh | 1200 | - | Re-issue of 7.67% Uttar Pradesh SGS 2041, issued on February 18, 2026 | Price |
| 1500 | - | Re-issue of 7.72% Uttar Pradesh SGS 2044, issued on March 18, 2026 | Price | | |
| 1500 | - | 25 | Yield | | |
| 1146 | - | 30 | Yield | | |
| 11. | Uttarakhand | 500 | - | 09 | Yield |
| 1000 | - | 18 | Yield | | |
| 12. | West Bengal | 2000 | - | Re-issue of 7.58% West Bengal SGS 2042, issued on December 31, 2025 | Price |
| 2000 | - | Re-issue of 7.57% West Bengal SGS 2046, issued on December 31, 2025 | Price | | |
| 2000 | - | 23 | Yield | | |
| 2000 | - | 26 | Yield | | |
| 2000 | - | 30 | Yield | | |
| | Total | 39541 | | | |
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on March 27, 2026 (Friday). The Government Stock up to ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of one per cent of its notified amount for a single bid per stock as per the ' Scheme for Non-competitive Bidding Facility '. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).