Description

RBI announces auction of three Government of India dated securities (G-secs) on December 26, 2025 with non-competitive bidding facility available through BSE's NCB-GSec module.

Summary

BSE announces non-competitive bidding facility for the auction of three Government of India dated securities (G-secs) to be conducted by RBI on December 26, 2025. The auction includes re-issuance of 5.91% GS 2028 (Rs. 9,000 crores), 6.28% GS 2032 (Rs. 11,000 crores), and 7.24% GS 2055 (Rs. 12,000 crores). Trading members and direct investors can participate through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Three G-secs available for auction with total issue size of Rs. 32,000 crores
  • Bidding available through BSE’s iBBS web-based system (NCB-GSec module)
  • Reference to Exchange circular no. 20180423-42 dated April 23, 2018 on NCB facility launch
  • Minimum subscription units: 100 (Rs. 10,000 minimum amount)
  • Maximum bidding amount: Rs. 2 crores per security
  • All three securities are re-issuances, not new securities

Securities Details

5.91% GS 2028 (Symbol: 591GS28D25)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 9,000 crores
  • Min Units: 100 (Rs. 10,000)
  • Max Amount: Rs. 2 crores

6.28% GS 2032 (Symbol: 628GS32D25)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 11,000 crores
  • Min Units: 100 (Rs. 10,000)
  • Max Amount: Rs. 2 crores

7.24% GS 2055 (Symbol: 724GS55D25)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 12,000 crores
  • Min Units: 100 (Rs. 10,000)
  • Max Amount: Rs. 2 crores

Compliance Requirements

  • Trading members must use BSE’s iBBS web-based system for bidding (https://ibbs.bseindia.com)
  • Bids must be placed through the NCB-GSec module only
  • Members must adhere to specified bid collection timelines
  • Contact Trading Operations for new user ID creation or password reset
  • Contact ICCL Operations for obligation and pay-in related queries

Important Dates

  • RBI Press Release: December 22, 2025
  • Bid Collection Start: December 23, 2025 at 10:00 AM (24-hour availability)
  • Bid Collection End (Direct Investors): December 25, 2025 at 5:00 PM
  • Bid Collection End (Members): December 26, 2025 at 8:00 AM
  • Auction Date: December 26, 2025
  • Settlement Date: December 29, 2025

Contact Information

New User ID/Password Reset

Bidding Related Queries

Obligation & Pay-in Queries

Impact Assessment

This is a routine operational circular for G-sec auction participation through the non-competitive bidding route. The facility allows retail investors and trading members to participate in government securities auctions without competing on price. The total auction size of Rs. 32,000 crores represents standard government borrowing activity. The circular has medium impact as it provides specific operational guidelines and deadlines for market participants interested in G-sec investments. The staggered bid collection timelines for direct investors and members ensure orderly processing of bids before the RBI auction.

Impact Justification

Routine G-sec auction announcement with non-competitive bidding facility for trading members and direct investors; standard operational circular with specific timelines for participation.