Description
BSE announces non-competitive bidding facility for auction of three Treasury Bills (91-day, 182-day, and 364-day) to be conducted by RBI on November 12, 2025.
Summary
BSE has announced the availability of non-competitive bidding (NCB) facility for participating in the auction of three Treasury Bills scheduled by the Government of India through RBI on November 12, 2025. The auction includes 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 19,000 crore. Trading members and direct investors can place bids through BSE’s iBBS web-based NCB-GSec module.
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 November 11, 2025 from 10:00 AM with 24-hour availability
- Direct investors deadline: November 11, 2025 till 5:00 PM
- Trading members deadline: November 12, 2025 till 8:00 AM
- Auction date: November 12, 2025
- Settlement date: November 13, 2025
- Minimum lot size: 100 units (Rs. 10,000 minimum amount)
- Maximum bid amount: Rs. 300-350 crore per security
- Bidding platform: BSE iBBS web-based system (https://ibbs.bseindia.com)
Regulatory Changes
No new regulatory changes. This circular continues the existing non-competitive bidding facility launched via Exchange circular no. 20180423-42 dated April 26, 2018.
Compliance Requirements
Trading members wishing to participate must:
- Access the NCB-GSec module on BSE’s iBBS platform
- Submit bids within specified timelines (by 8:00 AM on November 12 for members)
- Ensure minimum lot size of 100 units and minimum amount of Rs. 10,000
- Adhere to maximum bid limits per security
- Contact specified BSE teams for user ID creation, password resets, or bidding queries
Important Dates
| Event | Date & Time |
|---|---|
| Bid Collection Start | November 11, 2025, 10:00 AM onwards |
| Direct Investors Deadline | November 11, 2025, 5:00 PM |
| Trading Members Deadline | November 12, 2025, 8:00 AM |
| Auction Date | November 12, 2025 |
| Settlement Date | November 13, 2025 |
Impact Assessment
Market Impact: Low - This is a routine operational circular for T-Bill auction participation through NCB facility.
Participant Impact: Relevant only for trading members and direct investors interested in participating in government securities auctions through the non-competitive route. The facility provides retail and institutional investors access to primary market T-Bill auctions without competing directly with large institutional bidders.
Operational Requirements: Participants need to have access to BSE’s iBBS platform and must comply with bid submission timelines. Contact details provided for technical support, bidding queries, and settlement-related issues.
Impact Justification
Routine operational circular providing details for non-competitive bidding in T-Bill auction. No regulatory changes or compliance requirements for most market participants.