Description
RBI announces auction of two Government of India dated securities (6.01% GS 2030 and 7.09% GS 2074) through non-competitive bidding process on October 17, 2025 with total issue size of Rs. 30,000 crores.
Summary
BSE has announced the availability of non-competitive bidding facility for the RBI auction of two Government of India dated securities scheduled for October 17, 2025. The auction includes re-issuance of 6.01% GS 2030 (Rs. 18,000 crores) and 7.09% GS 2074 (Rs. 12,000 crores). Trading members and direct investors can participate through BSE’s NCB-GSec module on the iBBS web-based platform.
Key Points
- Two G-secs available for non-competitive bidding: 6.01% GS 2030 and 7.09% GS 2074
- Total issue size: Rs. 30,000 crores (Rs. 18,000 crores + Rs. 12,000 crores)
- Both securities are re-issues, not new issuances
- Minimum subscription units: 100 (Rs. 10,000 minimum amount)
- Maximum bidding amount: Rs. 2 crores per security
- Bidding platform: BSE iBBS web-based system - NCB-GSec module (https://ibbs.bseindia.com)
- Continuation of facility launched via circular 20180423-42 dated April 23, 2018
Regulatory Changes
No regulatory changes. This circular provides operational details for a routine G-sec auction using the existing non-competitive bidding framework established in 2018.
Compliance Requirements
For Trading Members:
- Submit bids through NCB-GSec module on BSE iBBS platform
- Bid submission window: October 14, 2025 (10:00 AM) to October 17, 2025 (8:00 AM)
- Ensure compliance with minimum (Rs. 10,000) and maximum (Rs. 2 crores) bidding limits
- Complete obligation and pay-in requirements as per settlement schedule
For Direct Investors:
- Bid submission deadline: October 16, 2025 (5:00 PM)
- Same minimum and maximum bidding limits apply
Contact Points:
- New user ID/password reset: user.trdops@bseindia.com (022-2272 8005/8215)
- Bidding queries: trading.ops@bseindia.com (022-2272 8376/5626/8226)
- Obligation/pay-in queries: Collaterals@icclindia.com, settlements@icclindia.com (022-2272 8468/8704/8264)
Important Dates
| Event | Date/Time |
|---|---|
| Bid Collection Start (24-hour availability) | October 14, 2025, 10:00 AM onwards |
| 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 |
Impact Assessment
Market Impact: Low - This is a routine operational circular for G-sec auction participation. The non-competitive bidding facility has been operational since 2018.
Operational Impact: Low - Standard auction process with established procedures. Trading members familiar with the NCB-GSec module can participate without additional system changes.
Investor Impact: Low - Provides retail and institutional investors access to government securities through a transparent auction mechanism with capped maximum investment of Rs. 2 crores per security.
Securities Details:
- 6.01% GS 2030 (Symbol: 601GS30O25) - 5-year maturity, Rs. 18,000 crore issuance
- 7.09% GS 2074 (Symbol: 709GS74O25) - Long-term 49-year maturity, Rs. 12,000 crore issuance
The longer-dated security offers higher yield reflecting the extended maturity period and interest rate risk premium.
Impact Justification
Routine operational circular for G-sec auction participation through non-competitive bidding. Standard process with no regulatory changes or broad market impact.