What changed

The RBI announced the sale (re-issue) of Government Securities totaling ₹29,000 crore through auction on April 2, 2026. Two securities are being auctioned: 6.68% GS 2040 (₹17,000 crore notified amount) and 7.43% GS 2076 (₹12,000 crore notified amount). Each Primary Dealer has a Minimum Underwriting Commitment of ₹405 crore and ₹286 crore respectively for each security.

Primary Dealers must submit Additional Competitive Underwriting (ACU) bids electronically through the RBI's e-Kuber system between 9:00 AM and 9:30 AM on April 2, 2026. The auction will use a multiple price-based method. Underwriting commission will be credited to PDs' current accounts with RBI on the day of securities issue.

What to do next

Submit ACU bids through e-Kuber system between 9:00 AM and 9:30 AM on April 2, 2026
Ensure Minimum Underwriting Commitment and bidding commitment amounts are met per Primary Dealer obligations
Verify current account has sufficient funds for commission credit on issue date

Source document (simplified)

Press Releases

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| Date : Apr 01, 2026 | | | | | | | | | | | | | | | | | |
| Underwriting Auction for sale of Government Securities for ₹29,000 crore on April 02, 2026 | | | | | | | | | | | | | | | | | |
| | Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on April 02, 2026 (Thursday).

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) \| \| \| \|
\| Securities \| Notified Amount \| MUC amount per PD \| Minimum bidding commitment per PD under ACU auction \|
\| 6.68% GS 2040 \| 17,000 \| 405 \| 405 \|
\| 7.43% GS 2076 \| 12,000 \| 286 \| 286 \|
The underwriting auction will be conducted through multiple price-based method on April 02, 2026 (Thursday). 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 securities.

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/3 | (₹ crore) | | | | Securities | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction | 6.68% GS 2040 | 17,000 | 405 | 405 | 7.43% GS 2076 | 12,000 | 286 | 286 |
| (₹ crore) | | | | | | | | | | | | | | | | |
| Securities | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction | | | | | | | | | | | | | |
| 6.68% GS 2040 | 17,000 | 405 | 405 | | | | | | | | | | | | | |
| 7.43% GS 2076 | 12,000 | 286 | 286 | | | | | | | | | | | | | | | Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on April 02, 2026 (Thursday).

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) | | | |
| Securities | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction |
| 6.68% GS 2040 | 17,000 | 405 | 405 |
| 7.43% GS 2076 | 12,000 | 286 | 286 |
The underwriting auction will be conducted through multiple price-based method on April 02, 2026 (Thursday). 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 securities.

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/3 | (₹ crore) | | | | Securities | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction | 6.68% GS 2040 | 17,000 | 405 | 405 | 7.43% GS 2076 | 12,000 | 286 | 286 |
| Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on April 02, 2026 (Thursday).

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) | | | |
| Securities | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction |
| 6.68% GS 2040 | 17,000 | 405 | 405 |
| 7.43% GS 2076 | 12,000 | 286 | 286 |
The underwriting auction will be conducted through multiple price-based method on April 02, 2026 (Thursday). 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 securities.

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/3 | (₹ crore) | | | | Securities | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction | 6.68% GS 2040 | 17,000 | 405 | 405 | 7.43% GS 2076 | 12,000 | 286 | 286 | |
| (₹ crore) | | | | | | | | | | | | | | | | | |
| Securities | Notified Amount | MUC amount per PD | Minimum bidding commitment per PD under ACU auction | | | | | | | | | | | | | | |
| 6.68% GS 2040 | 17,000 | 405 | 405 | | | | | | | | | | | | | | |
| 7.43% GS 2076 | 12,000 | 286 | 286 | | | | | | | | | | | | | | |