Description

BSE announces non-competitive bidding facility for three Treasury Bills (91-day, 182-day, and 364-day) auction scheduled for October 08, 2025 through NCB-GSec module.

Summary

BSE notifies trading members about the non-competitive bidding facility for participating in the Government of India’s Treasury Bills auction on October 08, 2025. Three T-Bills (91-day, 182-day, and 364-day) totaling Rs. 19,000 crore will be auctioned through RBI. Members can submit bids through BSE’s NCB-GSec module on the iBBS web-based platform.

Key Points

  • Three Treasury Bills available for auction: 91-day (Rs. 7,000 Cr), 182-day (Rs. 6,000 Cr), and 364-day (Rs. 6,000 Cr)
  • Bidding available through NCB-GSec module at https://ibbs.bseindia.com
  • Minimum lot size: 100 units with minimum amount of Rs. 10,000 for all three T-Bills
  • Maximum bidding limits: Rs. 350 Cr (91-day), Rs. 300 Cr (182-day and 364-day)
  • Bid collection started October 06, 2025 at 10:00 am with 24-hour availability
  • Settlement date: October 09, 2025

Regulatory Changes

No regulatory changes. This circular implements existing non-competitive bidding facility launched via Exchange circular no. 20180423-42 dated April 26, 2018.

Compliance Requirements

  • Trading members must use the NCB-GSec module of BSE’s iBBS web-based system for bidding
  • Direct investors must submit bids by October 07, 2025 till 5:00 pm
  • Members must submit bids by October 08, 2025 till 8:00 am
  • Adhere to minimum lot sizes and maximum amount limits specified for each T-Bill

Important Dates

  • October 06, 2025, 10:00 am: Bid collection starts (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 members
  • October 08, 2025: Auction date
  • October 09, 2025: Settlement date

Impact Assessment

Minimal market impact. This is a routine operational circular facilitating participation in standard RBI T-Bill auctions. The non-competitive bidding facility provides an accessible avenue for investors to participate in government securities auctions without competing on price. Total issue size of Rs. 19,000 crore across three tenors represents normal government borrowing operations. No impact on equity markets or specific stocks.

Impact Justification

Routine operational circular for T-Bill auction participation with standard bidding procedures. No regulatory changes or market-wide impact.