Description

BSE announces non-competitive bidding facility for auction of three Treasury Bills (91-day, 182-day, and 364-day) totaling Rs. 19,000 crore on December 03, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for participating in the auction of three Treasury Bills (T-Bills) scheduled by RBI on December 03, 2025. The auction comprises 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 19,000 crore. Trading members can submit bids through BSE’s iBBS web-based NCB-GSec module starting December 01, 2025.

Key Points

  • Three T-Bills available for auction: 91-day (Rs. 7,000 Cr), 182-day (Rs. 6,000 Cr), and 364-day (Rs. 6,000 Cr)
  • Minimum lot size: 100 units with minimum amount of Rs. 10,000 for all three securities
  • Maximum bid amounts: Rs. 350 Cr (91-day), Rs. 300 Cr (182-day and 364-day)
  • Bidding platform: BSE’s iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)
  • Bid collection starts December 01, 2025 at 10:00 AM with 24-hour availability
  • Direct investors deadline: December 02, 2025 till 5:00 PM
  • Trading members deadline: December 03, 2025 till 8:00 AM
  • Settlement date: December 04, 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 interested in participating must submit bids through the NCB-GSec module of BSE’s iBBS system
  • Direct investors must submit bids by December 02, 2025 at 5:00 PM
  • Trading members must submit bids by December 03, 2025 at 8:00 AM
  • Minimum bid amount of Rs. 10,000 must be maintained
  • Bids must be in multiples of 100 units
  • Maximum bid limits must be respected per security type

Important Dates

  • November 28, 2025: RBI press release announcing T-Bill auction
  • December 01, 2025, 10:00 AM: Bid collection starts
  • December 02, 2025, 5:00 PM: Bid collection deadline for direct investors
  • December 03, 2025, 8:00 AM: Bid collection deadline for trading members
  • December 03, 2025: Auction date
  • December 04, 2025: Settlement date

Impact Assessment

This is a routine operational circular with minimal market impact. It facilitates participation in government T-Bill auctions for BSE members and investors through the non-competitive bidding route. The circular is informational in nature, providing technical details for those wishing to participate in the debt segment. No changes to trading rules, compliance requirements, or market structure are introduced. Contact information is provided for technical support regarding user ID creation, bidding queries, and settlement matters.

Impact Justification

Routine operational circular providing details for T-Bill auction participation through NCB facility. No regulatory changes or market-wide impact, only informational for interested debt market participants.