Description

RBI to conduct auction of three Treasury Bills (91-day, 182-day, and 364-day) on January 07, 2026 with non-competitive bidding facility available through BSE's NCB-GSec module.

Summary

BSE announces the availability of non-competitive bidding facility for the auction of three Treasury Bills to be conducted by RBI on January 07, 2026. The Government of India will auction 91-day, 182-day, and 364-day T-Bills with total issue sizes of Rs. 9,000 crore, Rs. 12,000 crore, and Rs. 8,000 crore respectively. Trading members can participate through BSE’s NCB-GSec module on the iBBS web-based system.

Key Points

  • Three T-Bills to be auctioned: 91-day (Rs. 9,000 cr), 182-day (Rs. 12,000 cr), and 364-day (Rs. 8,000 cr)
  • Bid collection starts January 05, 2026 at 10:00 AM with 24-hour availability
  • Direct investors bid deadline: January 06, 2026 at 5:00 PM
  • Trading members bid deadline: January 07, 2026 at 8:00 AM
  • Auction date: January 07, 2026
  • Settlement date: January 08, 2026
  • Minimum lot size: 100 units (Rs. 10,000) for all three T-Bills
  • Maximum bid amounts: Rs. 450 crore (91-day), Rs. 600 crore (182-day), Rs. 400 crore (364-day)
  • Bidding platform: BSE’s NCB-GSec module on iBBS web-based system (https://ibbs.bseindia.com)

Regulatory Changes

No regulatory changes. This circular references the existing non-competitive bidding facility launched via Exchange circular no. 20180423-42 dated April 26, 2018.

Compliance Requirements

  • Trading members interested in participating must submit bids through the NCB-GSec module
  • Direct investors must submit bids by January 06, 2026 at 5:00 PM
  • Trading members must submit bids by January 07, 2026 at 8:00 AM
  • All bids subject to minimum lot size of 100 units (Rs. 10,000) and specified maximum amounts
  • New user ID creation or password reset requests to be directed to Trading Operations

Important Dates

  • January 05, 2026: Bid collection starts (10:00 AM onwards, 24-hour availability)
  • January 06, 2026: Bid collection end date for direct investors (5:00 PM)
  • January 07, 2026: Bid collection end date for trading members (8:00 AM); Auction date
  • January 08, 2026: Settlement date

Impact Assessment

This is a routine operational notification for debt market participants. The circular has minimal impact on equity markets and does not affect any specific stocks. It provides an investment opportunity for institutional and retail investors through the non-competitive bidding route for government securities. The facility enables market participants to invest in risk-free government instruments without competing on yield/price discovery.

Contact Information

Impact Justification

Routine treasury bill auction notification for debt market participants with non-competitive bidding facility. No regulatory changes or compliance impact on equity markets or specific stocks.