Description

RBI announces auction of three Treasury Bills (91-day, 182-day, and 364-day) on January 14, 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 RBI auction of three Treasury Bills scheduled on January 14, 2026. Trading members can participate through BSE’s NCB-GSec module to bid for 91-day, 182-day, and 364-day T-Bills with a total issuance size of Rs. 29,000 crore. This follows RBI’s press release dated January 09, 2026, and continues the non-competitive bidding facility launched in April 2018.

Key Points

  • Three Treasury Bills to be auctioned on January 14, 2026 with settlement on January 16, 2026
  • 91-Day T-Bill (091T150426): Issue size Rs. 9,000 crore, maximum bid Rs. 450 crore per investor
  • 182-Day T-Bill (182T150726): Issue size Rs. 12,000 crore, maximum bid Rs. 600 crore per investor
  • 364-Day T-Bill (364T140127): Issue size Rs. 8,000 crore, maximum bid Rs. 400 crore per investor
  • Minimum lot size: 100 units, minimum amount: Rs. 10,000 for all three securities
  • Bidding available through BSE’s iBBS web-based system NCB-GSec module at https://ibbs.bseindia.com
  • 24-hour bidding facility from January 12, 2026, 10:00 am onwards

Regulatory Changes

No regulatory changes. This circular continues the existing non-competitive bidding facility framework established through Exchange circular no. 20180423-42 dated April 26, 2018.

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS system
  • Direct investors must submit bids by January 13, 2026, 5:00 pm
  • Trading members must submit bids by January 14, 2026, 8:00 am
  • Bids must comply with minimum lot size (100 units) and minimum amount (Rs. 10,000)
  • Maximum bid limits per investor must be observed (Rs. 450 crore, Rs. 600 crore, and Rs. 400 crore for respective T-Bills)

Important Dates

  • January 12, 2026, 10:00 am: Bid collection starts (24-hour availability)
  • January 13, 2026, 5:00 pm: Bid collection deadline for direct investors
  • January 14, 2026, 8:00 am: Bid collection deadline for trading members
  • January 14, 2026: Auction date
  • January 16, 2026: Settlement date
  • April 15, 2026: Maturity date for 91-Day T-Bill
  • July 15, 2026: Maturity date for 182-Day T-Bill
  • January 14, 2027: Maturity date for 364-Day T-Bill

Impact Assessment

This is a routine Treasury Bill auction announcement with standard operational procedures. The impact is limited to debt market participants and institutional investors who wish to participate in government securities auctions. There is no impact on equity markets, listed companies, or trading compliance requirements. The non-competitive bidding facility provides retail and smaller investors access to government securities auctions alongside competitive bidders. Contact information is provided for technical support, bidding queries, and settlement-related issues through BSE Trading Operations and ICCL Operations teams.

Impact Justification

Routine government securities auction announcement with standard non-competitive bidding facility. Important for debt market participants but does not affect equity markets or require compliance changes.