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RBI to Auction 24,000 Crore Treasury Bills on April 29, 2026

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Summary

The Reserve Bank of India announced an auction of Government of India Treasury Bills totaling ₹24,000 crore, comprising ₹12,000 crore in 91-day bills, ₹6,000 crore in 182-day bills, and ₹6,000 crore in 364-day bills. The auction is scheduled for April 29, 2026, with settlement on April 30, 2026. Competitive bids will be accepted from 10:30 am to 11:30 am and non-competitive bids from 10:30 am to 11:00 am on the E-Kuber system. Non-competitive participation is open to State Governments, Union Territories, eligible Provident Funds, designated Foreign Central Banks, and retail investors, with retail allocation capped at 5 percent of the notified amount.

“Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details”

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What changed

The Reserve Bank of India announced a Treasury Bill auction for a total notified amount of ₹24,000 crore across three tenors. The 91-day bills account for ₹12,000 crore while 182-day and 364-day bills each account for ₹6,000 crore. The auction will use a price-based multiple price method and is scheduled for April 29, 2026.

Bidders may participate on a competitive or non-competitive basis through RBI's E-Kuber system during specified timings. State Governments, Union Territories with legislature, eligible Provident Funds, designated Foreign Central Banks, and retail investors through the Retail Direct portal are eligible for non-competitive participation, with retail investors capped at 5 percent of the notified amount. Physical bids will only be accepted in the event of system failure.

Archived snapshot

Apr 25, 2026

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Press Releases

| () |
| Date : Apr 24, 2026 |
| Auction of 91-Day, 182-Day and 364-Day Treasury Bills |
| Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

| Sr. No. | Treasury Bill | Notified Amount
(₹ crore) | Auction Date | Settlement Date |
| 1 | 91-Day | 12,000 | April 29, 2026
(Wednesday) | April 30, 2026
(Thursday) |
| 2 | 182-Day | 6,000 |
| 3 | 364-Day | 6,000 |
| | Total | 24,000 |
The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis, as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber system) on Wednesday, April 29, 2026, during the below given timings:

| Category of Bids | Timing |
| Competitive | 10:30 am - 11:30 am |
| Non-Competitive | 10:30 am - 11:00 am |
Results will be announced on the day of the auction.

Payment by successful bidders will have to be made on Thursday, April 30, 2026.

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), before the auction timing ends, in the prescribed form. The form can be downloaded from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx). In case of technical difficulties, Core Banking Operations Team should be contacted at 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).

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/144 | Sr. No. | Treasury Bill | Notified Amount
(₹ crore) | Auction Date | Settlement Date | 1 | 91-Day | 12,000 | April 29, 2026
(Wednesday) | April 30, 2026
(Thursday) | 2 | 182-Day | 6,000 | 3 | 364-Day | 6,000 | | Total | 24,000 | Category of Bids | Timing | Competitive | 10:30 am - 11:30 am | Non-Competitive | 10:30 am - 11:00 am |
| Sr. No. | Treasury Bill | Notified Amount
(₹ crore) | Auction Date | Settlement Date |
| 1 | 91-Day | 12,000 | April 29, 2026
(Wednesday) | April 30, 2026
(Thursday) |
| 2 | 182-Day | 6,000 |
| 3 | 364-Day | 6,000 |
| | Total | 24,000 |
| Category of Bids | Timing |
| Competitive | 10:30 am - 11:30 am |
| Non-Competitive | 10:30 am - 11:00 am |

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Last updated

Classification

Agency
RBI
Published
April 24th, 2026
Instrument
Notice
Branch
Executive
Legal weight
Non-binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Banks Investors Financial advisers
Industry sector
9211 Government & Public Administration
Activity scope
Treasury bill auction Government debt issuance
Threshold
Retail allocation limited to 5 percent of notified amount
Geographic scope
IN IN

Taxonomy

Primary area
Banking
Operational domain
Finance
Topics
Securities

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