Description
RBI announces auction of two Government of India dated securities (6.01% GS 2030 and 7.09% GS 2074) with non-competitive bidding facility through BSE's NCB-GSec module on October 17, 2025.
Summary
BSE announces non-competitive bidding facility for the Reserve Bank of India’s auction of two Government of India dated securities scheduled for October 17, 2025. Trading members and direct investors can participate through BSE’s iBBS web-based NCB-GSec module. The auction includes re-issuance of 6.01% GS 2030 (Rs. 18,000 crore) and 7.09% GS 2074 (Rs. 12,000 crore).
Key Points
- RBI press release dated October 13, 2025 announced auction of two GoI dated securities
- Non-competitive bidding facility available through BSE’s iBBS NCB-GSec module at https://ibbs.bseindia.com
- Total auction size: Rs. 30,000 crore across two securities
- Minimum subscription units: 100 with minimum amount Rs. 10,000
- Maximum bidding amount: Rs. 2 crore per security
- Reference to earlier circular 20180423-42 dated April 23, 2018 on NCB facility launch
Regulatory Changes
No new regulatory changes. This circular reiterates existing non-competitive bidding framework established in April 2018 for G-sec auctions conducted by RBI.
Compliance Requirements
For Trading Members:
- Submit bids through NCB-GSec module between October 14, 2025 (10:00 am) and October 17, 2025 (8:00 am)
- Adhere to minimum and maximum bidding limits
- Contact Trading Operations for user ID creation, password reset, or bidding queries
- Contact ICCL Operations for obligation and pay-in related matters
For Direct Investors:
- Submit bids by October 16, 2025 (5:00 pm) - earlier deadline than trading members
Important Dates
| Event | Date/Time |
|---|---|
| Bid Collection Start | October 14, 2025, 10:00 am (24-hour availability) |
| Bid Collection End (Direct Investors) | October 16, 2025, 5:00 pm |
| Bid Collection End (Trading Members) | October 17, 2025, 8:00 am |
| Auction Date | October 17, 2025 |
| Settlement Date | October 20, 2025 |
Securities Details
Security 1: 6.01% GS 2030
- Symbol: 601GS30O25
- Type: G-Sec Re-issue
- Issue Size: Rs. 18,000 crore
- Minimum Units: 100 (multiples thereof)
- Minimum Amount: Rs. 10,000
- Maximum Amount: Rs. 2 crore
Security 2: 7.09% GS 2074
- Symbol: 709GS74O25
- Type: G-Sec Re-issue
- Issue Size: Rs. 12,000 crore
- Minimum Units: 100 (multiples thereof)
- Minimum Amount: Rs. 10,000
- Maximum Amount: Rs. 2 crore
Impact Assessment
Market Impact: Medium - Rs. 30,000 crore total auction size represents routine government borrowing program. The longer-dated 7.09% GS 2074 (50-year security) may attract interest from long-term institutional investors.
Operational Impact: Low - Established non-competitive bidding process with clear timelines and contact points for support. Three-day settlement cycle (T+3) from auction to settlement date.
Participant Impact: Accessible to both trading members and retail investors through direct participation, with conservative maximum limit of Rs. 2 crore ensuring broad participation opportunity.
Impact Justification
Routine G-sec auction notification for debt market participants with standard non-competitive bidding process. Important for fixed income investors but no systemic market impact.