Description
BSE announces non-competitive bidding facility for auction of three Treasury Bills (91-day, 182-day, and 364-day) totaling ₹19,000 crore on October 08, 2025.
Summary
BSE has announced the non-competitive bidding facility for the auction of three Treasury Bills (T-Bills) scheduled for October 08, 2025, as per RBI’s press release dated October 03, 2025. Trading members can participate through the NCB-GSec module of BSE’s iBBS web-based system. The total issue size is ₹19,000 crore across three tenors: 91-day (₹7,000 crore), 182-day (₹6,000 crore), and 364-day (₹6,000 crore).
Key Points
- Three new Treasury Bills will be auctioned: 91-day, 182-day, and 364-day tenors
- Total issue size: ₹19,000 crore (₹7,000 + ₹6,000 + ₹6,000 crore)
- Bidding through NCB-GSec module on BSE’s iBBS platform (https://ibbs.bseindia.com)
- Minimum bid amount: ₹10,000 (lot size: 100)
- Maximum bid limits: ₹350 crore (91-day), ₹300 crore (182-day and 364-day)
- Bid collection for direct investors closes October 07, 2025 at 5:00 PM
- Bid collection for members closes October 08, 2025 at 8:00 AM
- Settlement date: October 09, 2025
Regulatory Changes
No new regulatory changes. This circular references existing framework established by Exchange circular no. 20180423-42 dated April 26, 2018 regarding the launch of non-competitive bidding facility for Government Securities.
Compliance Requirements
- Trading members must submit bids through the NCB-GSec module of BSE’s iBBS system
- Direct investors must submit bids by October 07, 2025, 5:00 PM
- Trading members must submit bids by October 08, 2025, 8:00 AM
- Bids must comply with minimum lot size (100) and minimum amount (₹10,000)
- Bids cannot exceed maximum amounts: ₹350 crore (91-day), ₹300 crore (182-day and 364-day)
Important Dates
- October 06, 2025: Bid collection starts (10:00 AM onwards, 24-hour availability)
- October 07, 2025, 5:00 PM: Bid collection deadline for direct investors
- October 08, 2025, 8:00 AM: Bid collection deadline for trading members
- October 08, 2025: Auction date
- October 09, 2025: Settlement date
Impact Assessment
This auction provides an opportunity for trading members and direct investors to participate in the Government of India’s Treasury Bill issuance without competitive price discovery. The significant issue size of ₹19,000 crore across three tenors offers liquidity management options for short-term (91-day), medium-term (182-day), and near-annual (364-day) investment horizons. The non-competitive bidding facility simplifies participation for smaller investors and members who may not want to engage in competitive price bidding. No direct impact on equity markets or specific stocks.
Contact Information
New User ID/Password Reset:
- Team: Trading Operations
- Email: user.trdops@bseindia.com
- Tel: 022-2272 8005/8215
Bidding Queries:
- Team: Trading Operations
- Email: trading.ops@bseindia.com
- Tel: 022-2272 8376/5626/8226
Obligation & Pay-in Queries:
- Team: ICCL Operations
- Email: Collaterals@icclindia.com, settlements@icclindia.com
- Tel: 022-2272 8468/8704/8264
T-Bill Details
| Security | Symbol | Type | Issue Size | Min Lot | Min Amount | Max Amount |
|---|---|---|---|---|---|---|
| 91 Day T-Bill | 091T080126 | New | ₹7,000 Cr | 100 | ₹10,000 | ₹350 Cr |
| 182 Day T-Bill | 182T080426 | New | ₹6,000 Cr | 100 | ₹10,000 | ₹300 Cr |
| 364 Day T-Bill | 364T081026 | New | ₹6,000 Cr | 100 | ₹10,000 | ₹300 Cr |
Impact Justification
Routine auction announcement for Treasury Bills with predefined bidding process. Medium impact due to significant issue size (₹19,000 crore) but follows established non-competitive bidding framework.