What changed

The Reserve Bank of India (RBI) has published the results of its Treasury Bills auction held on March 18, 2026. The document provides detailed figures for the 91-day, 182-day, and 364-day Treasury Bills, including the notified amounts (₹14,000 crore, ₹12,000 crore, and ₹8,000 crore respectively), the volume and price of competitive and non-competitive bids received, and the final accepted amounts and weighted average yields for each tenor.

This release is primarily informational for market participants, including investors, financial institutions, and fund managers. No immediate compliance actions are required based on this auction result announcement. The data serves as a record of the auction's outcome and can inform future investment and liquidity management decisions. The RBI acts as the issuer and facilitator of these government securities.

Source document (simplified)

Press Releases

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| Date : Mar 18, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Treasury Bills: Full Auction Result | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | \| (Amount in ₹ crore) \| \| \| \| \|
\| Auction Results \| \| 91-Day \| 182-Day \| 364-Day \|
\| I. \| Notified Amount \| 14,000 \| 12,000 \| 8,000 \|
\| II. \| Competitive Bids Received \| \| \| \|
\| (i) Number \| 111 \| 119 \| 148 \| \|
\| (ii) Amount \| 45,577.620 \| 47,379.720 \| 28,870.000 \| \|
\| III. \| Cut-off price / Yield \| 98.6891 \| 97.3128 \| 94.6705 \|
\| (YTM: 5.3278%) \| (YTM: 5.5380%) \| (YTM: 5.6450%) \| \| \|
\| IV. \| Competitive Bids Accepted \| \| \| \|
\| (i) Number \| 45 \| 31 \| 42 \| \|
\| (ii) Amount \| 13,982.983 \| 11,991.689 \| 7,698.738 \| \|
\| V. \| Partial Allotment Percentage of Competitive Bids \| 10.4606% \| 62.9853% \| 81.8246% \|
\| (5 bids) \| (4 bids) \| (5 bids) \| \| \|
\| VI. \| Weighted Average Price/Yield \| 98.6917 \| 97.3191 \| 94.6743 \|
\| (WAY: 5.3171%) \| (WAY: 5.5246%) \| (WAY: 5.6407%) \| \| \|
\| VII. \| Non-Competitive Bids Received \| \| \| \|
\| (i) Number \| 4 \| 3 \| 3 \| \|
\| (ii) Amount \| 1,017.017 \| 3,918.591 \| 301.262 \| \|
\| VIII. \| Non-Competitive Bids Accepted \| \| \| \|
\| (i) Number \| 4 \| 3 \| 3 \| \|
\| (ii) Amount \| 1,017.017 \| 3,918.591 \| 301.262 \| \|
\| (iii) Partial Allotment Percentage \| - \| - \| - \| \|
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2286 | (Amount in ₹ crore) | | | | | Auction Results | | 91-Day | 182-Day | 364-Day | I. | Notified Amount | 14,000 | 12,000 | 8,000 | II. | Competitive Bids Received | | | | (i) Number | 111 | 119 | 148 | (ii) Amount | 45,577.620 | 47,379.720 | 28,870.000 | III. | Cut-off price / Yield | 98.6891 | 97.3128 | 94.6705 | (YTM: 5.3278%) | (YTM: 5.5380%) | (YTM: 5.6450%) | IV. | Competitive Bids Accepted | | | | (i) Number | 45 | 31 | 42 | (ii) Amount | 13,982.983 | 11,991.689 | 7,698.738 | V. | Partial Allotment Percentage of Competitive Bids | 10.4606% | 62.9853% | 81.8246% | (5 bids) | (4 bids) | (5 bids) | VI. | Weighted Average Price/Yield | 98.6917 | 97.3191 | 94.6743 | (WAY: 5.3171%) | (WAY: 5.5246%) | (WAY: 5.6407%) | VII. | Non-Competitive Bids Received | | | | (i) Number | 4 | 3 | 3 | (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | VIII. | Non-Competitive Bids Accepted | | | | (i) Number | 4 | 3 | 3 | (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | (iii) Partial Allotment Percentage | - | - | - |
| (Amount in ₹ crore) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Auction Results | | 91-Day | 182-Day | 364-Day | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| I. | Notified Amount | 14,000 | 12,000 | 8,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| II. | Competitive Bids Received | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 111 | 119 | 148 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 45,577.620 | 47,379.720 | 28,870.000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| III. | Cut-off price / Yield | 98.6891 | 97.3128 | 94.6705 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (YTM: 5.3278%) | (YTM: 5.5380%) | (YTM: 5.6450%) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| IV. | Competitive Bids Accepted | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 45 | 31 | 42 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 13,982.983 | 11,991.689 | 7,698.738 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| V. | Partial Allotment Percentage of Competitive Bids | 10.4606% | 62.9853% | 81.8246% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (5 bids) | (4 bids) | (5 bids) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VI. | Weighted Average Price/Yield | 98.6917 | 97.3191 | 94.6743 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (WAY: 5.3171%) | (WAY: 5.5246%) | (WAY: 5.6407%) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VII. | Non-Competitive Bids Received | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 4 | 3 | 3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VIII. | Non-Competitive Bids Accepted | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 4 | 3 | 3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (iii) Partial Allotment Percentage | - | - | - | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amount in ₹ crore) | | | | |
| Auction Results | | 91-Day | 182-Day | 364-Day |
| I. | Notified Amount | 14,000 | 12,000 | 8,000 |
| II. | Competitive Bids Received | | | |
| (i) Number | 111 | 119 | 148 | |
| (ii) Amount | 45,577.620 | 47,379.720 | 28,870.000 | |
| III. | Cut-off price / Yield | 98.6891 | 97.3128 | 94.6705 |
| (YTM: 5.3278%) | (YTM: 5.5380%) | (YTM: 5.6450%) | | |
| IV. | Competitive Bids Accepted | | | |
| (i) Number | 45 | 31 | 42 | |
| (ii) Amount | 13,982.983 | 11,991.689 | 7,698.738 | |
| V. | Partial Allotment Percentage of Competitive Bids | 10.4606% | 62.9853% | 81.8246% |
| (5 bids) | (4 bids) | (5 bids) | | |
| VI. | Weighted Average Price/Yield | 98.6917 | 97.3191 | 94.6743 |
| (WAY: 5.3171%) | (WAY: 5.5246%) | (WAY: 5.6407%) | | |
| VII. | Non-Competitive Bids Received | | | |
| (i) Number | 4 | 3 | 3 | |
| (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | |
| VIII. | Non-Competitive Bids Accepted | | | |
| (i) Number | 4 | 3 | 3 | |
| (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | |
| (iii) Partial Allotment Percentage | - | - | - | |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2286 | (Amount in ₹ crore) | | | | | Auction Results | | 91-Day | 182-Day | 364-Day | I. | Notified Amount | 14,000 | 12,000 | 8,000 | II. | Competitive Bids Received | | | | (i) Number | 111 | 119 | 148 | (ii) Amount | 45,577.620 | 47,379.720 | 28,870.000 | III. | Cut-off price / Yield | 98.6891 | 97.3128 | 94.6705 | (YTM: 5.3278%) | (YTM: 5.5380%) | (YTM: 5.6450%) | IV. | Competitive Bids Accepted | | | | (i) Number | 45 | 31 | 42 | (ii) Amount | 13,982.983 | 11,991.689 | 7,698.738 | V. | Partial Allotment Percentage of Competitive Bids | 10.4606% | 62.9853% | 81.8246% | (5 bids) | (4 bids) | (5 bids) | VI. | Weighted Average Price/Yield | 98.6917 | 97.3191 | 94.6743 | (WAY: 5.3171%) | (WAY: 5.5246%) | (WAY: 5.6407%) | VII. | Non-Competitive Bids Received | | | | (i) Number | 4 | 3 | 3 | (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | VIII. | Non-Competitive Bids Accepted | | | | (i) Number | 4 | 3 | 3 | (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | (iii) Partial Allotment Percentage | - | - | - |
| | (Amount in ₹ crore) | | | | |
| Auction Results | | 91-Day | 182-Day | 364-Day |
| I. | Notified Amount | 14,000 | 12,000 | 8,000 |
| II. | Competitive Bids Received | | | |
| (i) Number | 111 | 119 | 148 | |
| (ii) Amount | 45,577.620 | 47,379.720 | 28,870.000 | |
| III. | Cut-off price / Yield | 98.6891 | 97.3128 | 94.6705 |
| (YTM: 5.3278%) | (YTM: 5.5380%) | (YTM: 5.6450%) | | |
| IV. | Competitive Bids Accepted | | | |
| (i) Number | 45 | 31 | 42 | |
| (ii) Amount | 13,982.983 | 11,991.689 | 7,698.738 | |
| V. | Partial Allotment Percentage of Competitive Bids | 10.4606% | 62.9853% | 81.8246% |
| (5 bids) | (4 bids) | (5 bids) | | |
| VI. | Weighted Average Price/Yield | 98.6917 | 97.3191 | 94.6743 |
| (WAY: 5.3171%) | (WAY: 5.5246%) | (WAY: 5.6407%) | | |
| VII. | Non-Competitive Bids Received | | | |
| (i) Number | 4 | 3 | 3 | |
| (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | |
| VIII. | Non-Competitive Bids Accepted | | | |
| (i) Number | 4 | 3 | 3 | |
| (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | |
| (iii) Partial Allotment Percentage | - | - | - | |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2286 | (Amount in ₹ crore) | | | | | Auction Results | | 91-Day | 182-Day | 364-Day | I. | Notified Amount | 14,000 | 12,000 | 8,000 | II. | Competitive Bids Received | | | | (i) Number | 111 | 119 | 148 | (ii) Amount | 45,577.620 | 47,379.720 | 28,870.000 | III. | Cut-off price / Yield | 98.6891 | 97.3128 | 94.6705 | (YTM: 5.3278%) | (YTM: 5.5380%) | (YTM: 5.6450%) | IV. | Competitive Bids Accepted | | | | (i) Number | 45 | 31 | 42 | (ii) Amount | 13,982.983 | 11,991.689 | 7,698.738 | V. | Partial Allotment Percentage of Competitive Bids | 10.4606% | 62.9853% | 81.8246% | (5 bids) | (4 bids) | (5 bids) | VI. | Weighted Average Price/Yield | 98.6917 | 97.3191 | 94.6743 | (WAY: 5.3171%) | (WAY: 5.5246%) | (WAY: 5.6407%) | VII. | Non-Competitive Bids Received | | | | (i) Number | 4 | 3 | 3 | (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | VIII. | Non-Competitive Bids Accepted | | | | (i) Number | 4 | 3 | 3 | (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | (iii) Partial Allotment Percentage | - | - | - | |
| (Amount in ₹ crore) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Auction Results | | 91-Day | 182-Day | 364-Day | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| I. | Notified Amount | 14,000 | 12,000 | 8,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| II. | Competitive Bids Received | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 111 | 119 | 148 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 45,577.620 | 47,379.720 | 28,870.000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| III. | Cut-off price / Yield | 98.6891 | 97.3128 | 94.6705 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (YTM: 5.3278%) | (YTM: 5.5380%) | (YTM: 5.6450%) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| IV. | Competitive Bids Accepted | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 45 | 31 | 42 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 13,982.983 | 11,991.689 | 7,698.738 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| V. | Partial Allotment Percentage of Competitive Bids | 10.4606% | 62.9853% | 81.8246% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (5 bids) | (4 bids) | (5 bids) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VI. | Weighted Average Price/Yield | 98.6917 | 97.3191 | 94.6743 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (WAY: 5.3171%) | (WAY: 5.5246%) | (WAY: 5.6407%) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VII. | Non-Competitive Bids Received | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 4 | 3 | 3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VIII. | Non-Competitive Bids Accepted | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 4 | 3 | 3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 1,017.017 | 3,918.591 | 301.262 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (iii) Partial Allotment Percentage | - | - | - | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |