Description

BSE announces non-competitive bidding facility for RBI auction of three Treasury Bills (91-day, 182-day, and 364-day) on October 08, 2025 with total issue size of Rs. 19,000 crore.

Summary

BSE announces the availability of non-competitive bidding facility for participating in the Reserve Bank of India’s auction of Treasury Bills on October 08, 2025. The Government of India will sell three T-Bills with tenors of 91 days, 182 days, and 364 days through RBI’s auction process. Trading members and direct investors can submit bids through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Three Treasury Bills to be auctioned: 91-day (Rs. 7,000 crore), 182-day (Rs. 6,000 crore), and 364-day (Rs. 6,000 crore)
  • Total issue size: Rs. 19,000 crore
  • Bidding available through BSE’s iBBS NCB-GSec module at https://ibbs.bseindia.com
  • Minimum lot size: 100 units for all three T-Bills
  • Minimum bid amount: Rs. 10,000 for all three T-Bills
  • Maximum bid amounts: Rs. 350 crore (91-day), Rs. 300 crore (182-day and 364-day)
  • Security symbols: 091T080126 (91-day), 182T080426 (182-day), 364T081026 (364-day)
  • Reference to Exchange circular no. 20180423-42 dated April 26, 2018 regarding NCB facility launch

Regulatory Changes

No regulatory changes. This circular provides operational details for the upcoming T-Bill auction using the existing non-competitive bidding framework established in 2018.

Compliance Requirements

  • Trading members must submit bids through BSE’s NCB-GSec module on the iBBS platform
  • Direct investors must complete bids by October 07, 2025 at 5:00 PM
  • Trading members must complete bids by October 08, 2025 at 8:00 AM
  • Participants must adhere to minimum lot sizes (100 units) and multiples
  • Minimum investment of Rs. 10,000 required per T-Bill type
  • Maximum investment limits vary by T-Bill tenor as specified

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 trading members
  • October 08, 2025: Auction date
  • October 09, 2025: Settlement date

Impact Assessment

Market Impact: Low - This is a routine government securities auction facility that provides retail and institutional investors access to risk-free T-Bills. The non-competitive bidding route allows smaller investors to participate without competing on price.

Operational Impact: Affects only debt market participants who wish to invest in Treasury Bills through BSE’s platform. No impact on equity markets or general trading operations.

Participant Impact: Provides investment opportunity in short-term government securities with tenors ranging from 3 months to 12 months, offering liquidity options and risk-free returns for conservative investors.

Contact Information

Impact Justification

Routine operational circular for T-Bill auction facility; affects only debt market participants interested in government securities bidding through BSE's NCB-GSec module.