Description
BSE announces non-competitive bidding facility for auction of three Treasury Bills (91-day, 182-day, and 364-day) conducted by RBI on November 06, 2025, with total issue size of Rs. 19,000 crores.
Summary
BSE has announced the availability of non-competitive bidding facility for trading members and direct investors to participate in the RBI auction of three Treasury Bills scheduled on November 06, 2025. The auction includes 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 19,000 crores. Bidding will be conducted through BSE’s iBBS web-based NCB-GSec module, with bid collection starting November 03, 2025.
Key Points
- Three Treasury Bills to be auctioned: 91-day (Rs. 7,000 Cr), 182-day (Rs. 6,000 Cr), and 364-day (Rs. 6,000 Cr)
- Total issue size: Rs. 19,000 crores
- Bidding platform: BSE’s iBBS web-based system (NCB-GSec module) at https://ibbs.bseindia.com
- Minimum lot size: 100 units (Rs. 10,000 minimum amount) for all three T-Bills
- Maximum bid limits: Rs. 350 Cr (91-day), Rs. 300 Cr (182-day and 364-day)
- Settlement date: November 07, 2025
- Circular reference: Notice No. 20251102-2 under Debt Trading Segment
Regulatory Changes
No new regulatory changes introduced. This circular is issued in continuation of Exchange circular no. 20180423-42 dated April 26, 2018, which originally launched the non-competitive bidding facility for Government Securities auctions.
Compliance Requirements
For Trading Members:
- Collect bids from clients and submit through NCB-GSec module
- Final bid submission deadline: November 06, 2025 by 8:00 AM
- Ensure compliance with minimum lot size (100 units) and maximum amount limits
- Contact Trading Operations for new user ID creation or password reset
For Direct Investors:
- Submit bids directly through iBBS platform
- Bid submission deadline: November 05, 2025 by 5:00 PM
- Adhere to prescribed minimum (Rs. 10,000) and maximum investment limits per security
For All Participants:
- Ensure timely obligation fulfillment and pay-in on settlement date
- Contact ICCL Operations for settlement-related queries
Important Dates
- November 03, 2025, 10:00 AM: Bid collection starts (24-hour availability)
- November 05, 2025, 5:00 PM: Bid collection ends for direct investors
- November 06, 2025, 8:00 AM: Bid collection ends for trading members
- November 06, 2025: Auction date
- November 07, 2025: Settlement date
Security Details
| Security | Symbol | Type | Issue Size | Min Amount | Max Amount |
|---|---|---|---|---|---|
| 91 Day T-Bill | 091T060226 | New Issue | Rs. 7,000 Cr | Rs. 10,000 | Rs. 350 Cr |
| 182 Day T-Bill | 182T070526 | New Issue | Rs. 6,000 Cr | Rs. 10,000 | Rs. 300 Cr |
| 364 Day T-Bill | 364T061126 | New Issue | Rs. 6,000 Cr | Rs. 10,000 | Rs. 300 Cr |
Contact Information
New User ID / Password Reset:
- Team: Trading Operations
- Email: user.trdops@bseindia.com
- Phone: 022-2272 8005/8215
Bidding Queries:
- Team: Trading Operations
- Email: trading.ops@bseindia.com
- Phone: 022-2272 8376/5626/8226
Settlement Queries:
- Team: ICCL Operations
- Email: Collaterals@icclindia.com, settlements@icclindia.com
- Phone: 022-2272 8468/8704/8264
Impact Assessment
Market Impact: Low - This is a routine auction facility for government securities that occurs regularly. The T-Bill auction provides short-term investment opportunities for debt market participants.
Operational Impact: Low to Medium for debt market participants - Trading members need to coordinate bid collection from clients and ensure timely submission. Direct investors can participate independently through the online platform.
Investor Impact: Positive - Provides access to low-risk government securities with varying maturity periods (91, 182, and 364 days), allowing investors to choose based on their liquidity needs and investment horizon.
Impact Justification
Routine operational circular for debt market participants regarding T-Bill auction facility. No regulatory changes or market disruptions. Standard auction process for government securities with predefined parameters.