Description
BSE announces non-competitive bidding facility for three Treasury Bills (91-day, 182-day, and 364-day) to be auctioned by RBI on December 24, 2025, with total issue size of Rs. 19,000 crore.
Summary
BSE has announced the availability of non-competitive bidding facility for the auction of three Treasury Bills (T-Bills) scheduled by RBI on December 24, 2025. Trading members can participate in the auction through BSE’s iBBS web-based NCB-GSec module. The auction covers 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 19,000 crore.
Key Points
- Three T-Bills will be auctioned: 91-day (Rs. 7,000 cr), 182-day (Rs. 6,000 cr), and 364-day (Rs. 6,000 cr)
- Bidding platform: BSE iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)
- Minimum lot size: 100 units with minimum amount of Rs. 10,000 for all three securities
- Maximum bid limits: Rs. 350 crore (91-day), Rs. 300 crore (182-day and 364-day)
- Bid collection starts December 22, 2025 from 10:00 AM with 24-hour availability
- Settlement date: December 26, 2025
Regulatory Changes
No new regulatory changes. This notice 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:
- Submit bids through the NCB-GSec module of BSE’s iBBS system
- Adhere to minimum lot size of 100 units and minimum amount of Rs. 10,000
- Comply with maximum bid amount limits for each security type
- Meet bidding deadlines for direct investors and members
Important Dates
- December 22, 2025, 10:00 AM: Bid collection starts
- December 23, 2025, 5:00 PM: Bid collection deadline for direct investors
- December 24, 2025, 8:00 AM: Bid collection deadline for members
- December 24, 2025: Auction date
- December 26, 2025: Settlement date
Securities Details
| Security | Symbol | Type | Issue Size | Maturity | Min Lot | Min Amount | Max Amount |
|---|---|---|---|---|---|---|---|
| 91 Day T-Bill | 091T250326 | New | Rs. 7,000 cr | March 26, 2025 | 100 | Rs. 10,000 | Rs. 350 cr |
| 182 Day T-Bill | 182T240626 | New | Rs. 6,000 cr | June 26, 2024 | 100 | Rs. 10,000 | Rs. 300 cr |
| 364 Day T-Bill | 364T241226 | New | Rs. 6,000 cr | December 26, 2024 | 100 | Rs. 10,000 | Rs. 300 cr |
Contact Information
- New user ID/password reset: Trading Operations - user.trdops@bseindia.com, Tel: 022-2272 8005/8215
- Bidding queries: Trading Operations - trading.ops@bseindia.com, Tel: 022-2272 8376/5626/8226
- Obligation & Pay-in queries: ICCL Operations - Collaterals@icclindia.com, settlements@icclindia.com, Tel: 022-2272 8468/8704/8264
Impact Assessment
This is a routine operational notice for debt market participants with no impact on equity markets. The non-competitive bidding facility provides retail and institutional investors an opportunity to participate in government securities auctions without competing on price. Impact is limited to debt market operations and treasury management activities.
Impact Justification
Routine operational notice for debt market participants regarding T-Bill auction bidding process. No regulatory changes or compliance impact on equity markets.