Auction of 91-Day, 182-Day and 364-Day Treasury Bills
Summary
RBI announces the auction of Government of India Treasury Bills totaling ₹24,000 crore, comprising 91-day (₹12,000 crore), 182-day (₹6,000 crore), and 364-day (₹6,000 crore) tranches. The auction is scheduled for April 15, 2026, with settlement on April 16, 2026. Bids must be submitted electronically via the RBI E-Kuber system during designated timings.
What changed
RBI has announced an auction of Government of India Treasury Bills for three tenors: 91-day (₹12,000 crore), 182-day (₹6,000 crore), and 364-day (₹6,000 crore), totaling ₹24,000 crore. The auction will take place on April 15, 2026 via the E-Kuber system with competitive bids accepted until 11:30am and non-competitive bids until 11:00am. Settlement for successful bidders is due April 16, 2026.
Eligible participants include State Governments, Union Territories, eligible Provident Funds, designated Foreign Central Banks, and retail investors. Retail investor allocation is capped at 5% of the notified amount. This is a routine government securities auction announcement that does not create new compliance obligations but provides procedural details for participation in India's money market.
What to do next
- Submit bids electronically via RBI E-Kuber system before deadline
- Make payment by April 16, 2026 if successful
Archived snapshot
Apr 11, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Press Releases
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| Date : Apr 10, 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 15, 2026
(Wednesday) \| April 16, 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 15, 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 16, 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: 2026-2027/68 | Sr. No. | Treasury Bill | Notified Amount
(₹ crore) | Auction Date | Settlement Date | 1 | 91-Day | 12,000 | April 15, 2026
(Wednesday) | April 16, 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 15, 2026
(Wednesday) | April 16, 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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 15, 2026
(Wednesday) | April 16, 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 15, 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 16, 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: 2026-2027/68 | Sr. No. | Treasury Bill | Notified Amount
(₹ crore) | Auction Date | Settlement Date | 1 | 91-Day | 12,000 | April 15, 2026
(Wednesday) | April 16, 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 |
| 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 15, 2026
(Wednesday) | April 16, 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 15, 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 16, 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: 2026-2027/68 | Sr. No. | Treasury Bill | Notified Amount
(₹ crore) | Auction Date | Settlement Date | 1 | 91-Day | 12,000 | April 15, 2026
(Wednesday) | April 16, 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 15, 2026
(Wednesday) | April 16, 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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