Description

BSE announces non-competitive bidding facility for auction of three Treasury Bills (91-day, 182-day, and 364-day) totaling Rs. 29,000 crores on January 14, 2026.

Summary

BSE has announced the availability of non-competitive bidding facility for participating in the auction of three Treasury Bills scheduled by the Government of India on January 14, 2026. The auction will include 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 29,000 crores. Trading members can place bids through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Three T-Bills will be auctioned: 91-day (Rs. 9,000 cr), 182-day (Rs. 12,000 cr), and 364-day (Rs. 8,000 cr)
  • Minimum lot size: 100 units (Rs. 10,000 minimum amount)
  • Maximum bidding limits: Rs. 450 cr (91-day), Rs. 600 cr (182-day), Rs. 400 cr (364-day)
  • Bid collection starts January 12, 2026 at 10:00 AM with 24-hour availability
  • Direct investors deadline: January 13, 2026 at 5:00 PM
  • Trading members deadline: January 14, 2026 at 8:00 AM
  • Bidding platform: BSE iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)

Regulatory Changes

No regulatory changes. This circular is issued in continuation of Exchange circular no. 20180423-42 dated April 26, 2018, which launched the non-competitive bidding facility for Government Securities auctions.

Compliance Requirements

  • Trading members must use the NCB-GSec module of BSE’s iBBS system for bidding
  • Members must adhere to specified bid collection timelines
  • Minimum investment of Rs. 10,000 and lot size of 100 units must be maintained
  • Maximum bidding limits per security must be observed

Important Dates

  • January 12, 2026: Bid collection starts at 10:00 AM
  • January 13, 2026: Bid collection ends for direct investors at 5:00 PM
  • January 14, 2026: Bid collection ends for members at 8:00 AM; Auction date
  • January 16, 2026: Settlement date

Impact Assessment

This is a routine operational circular facilitating participation in Government of India’s T-Bill auction through BSE’s established non-competitive bidding platform. The circular has minimal market impact as it follows standard auction procedures. It provides trading members and direct investors an opportunity to invest in short-term government securities with varying maturity periods (3 months, 6 months, and 1 year). The contact information provided ensures support for technical and operational queries related to bidding and settlement processes.

Impact Justification

Routine procedural circular for T-Bill auction participation through non-competitive bidding facility. Standard operational process with no regulatory changes or compliance requirements affecting broader market.