Description
BSE announces non-competitive bidding facility for RBI's auction of three Treasury Bills (91-day, 182-day, and 364-day) totaling Rs. 19,000 crore on October 15, 2025.
Summary
BSE has announced the non-competitive bidding (NCB) facility for participating in the RBI’s auction of three Treasury Bills scheduled for October 15, 2025. The Government of India will sell 91-day, 182-day, and 364-day T-Bills totaling Rs. 19,000 crore. Trading members and direct investors can submit bids through BSE’s iBBS web-based NCB-GSec module between October 13-15, 2025.
Key Points
- Three T-Bills to be auctioned: 91-day (Rs. 7,000 cr), 182-day (Rs. 6,000 cr), and 364-day (Rs. 6,000 cr)
- Bid collection starts October 13, 2025 at 10:00 AM (24-hour availability)
- Direct investors can bid until October 14, 2025 at 5:00 PM
- Trading members can bid until October 15, 2025 at 8:00 AM
- Minimum lot size: 100 units (Rs. 10,000 minimum amount)
- Maximum bid limits: Rs. 350 crore (91-day), Rs. 300 crore (182-day and 364-day)
- Bidding platform: BSE iBBS web-based system - NCB-GSec module (https://ibbs.bseindia.com)
- Settlement date: October 16, 2025
Regulatory Changes
No regulatory changes. This circular continues the existing non-competitive bidding facility launched via BSE circular no. 20180423-42 dated April 26, 2018.
Compliance Requirements
- Trading members must use the NCB-GSec module of BSE’s iBBS system for bid submission
- Direct investors must submit bids by October 14, 2025 at 5:00 PM
- Trading members must submit bids by October 15, 2025 at 8:00 AM
- Bids must comply with minimum lot size of 100 units and maximum amount limits per security
- Contact BSE Trading Operations for new user ID creation or password reset
- Contact ICCL Operations for obligation and pay-in related queries
Important Dates
- October 10, 2025: RBI press release announcing T-Bill auction
- October 12, 2025: BSE circular issued
- October 13, 2025, 10:00 AM: Bid collection opens (24-hour availability)
- October 14, 2025, 5:00 PM: Bid collection deadline for direct investors
- October 15, 2025, 8:00 AM: Bid collection deadline for trading members
- October 15, 2025: Auction date
- October 16, 2025: Settlement date
Impact Assessment
Market Impact: Low - This is a routine Treasury Bill auction facility announcement with no structural changes to the NCB process. The auction provides liquidity management opportunities for participants.
Operational Impact: Low - Standard operational procedure for trading members and direct investors already familiar with the NCB-GSec module. No new systems or processes required.
Participant Impact: Provides investment opportunity in government securities with total issue size of Rs. 19,000 crore across three maturities, allowing portfolio diversification and short-term investment options.
T-Bill Details
| Security | Symbol | Type | Issue Size | Min Lot | Min Amount | Max Amount |
|---|---|---|---|---|---|---|
| 91 Day T-Bill | 091T150126 | New | Rs. 7,000 cr | 100 | Rs. 10,000 | Rs. 350 cr |
| 182 Day T-Bill | 182T150426 | New | Rs. 6,000 cr | 100 | Rs. 10,000 | Rs. 300 cr |
| 364 Day T-Bill | 364T151026 | New | Rs. 6,000 cr | 100 | Rs. 10,000 | Rs. 300 cr |
Contact Information
- New user ID creation/password reset: Trading Operations - user.trdops@bseindia.com, Tel: 022-2272 8005/8215
- Bidding queries: Trading Operations - trading.ops@bseindia.com, Tel: 022-2272 8376/5626/8226
- Obligation & Pay-in queries: ICCL Operations - Collaterals@icclindia.com, settlements@icclindia.com, Tel: 022-2272 8468/8704/8264
Impact Justification
Routine operational circular for T-Bill auction participation through NCB facility. Standard auction process with no regulatory changes or market-wide impact.