Description

BSE announces non-competitive bidding facility for GoI Treasury Bills auction on January 21, 2026, covering 91-day, 182-day, and 364-day T-Bills with a total issue size of Rs. 29,000 crores.

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of three Treasury Bills (T-Bills) to be conducted by RBI on January 21, 2026. The auction includes 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 the NCB-GSec module of BSE’s iBBS web-based system from January 19, 2026 onwards.

Key Points

  • Three T-Bills available: 91-day (Rs. 9,000 cr), 182-day (Rs. 12,000 cr), and 364-day (Rs. 8,000 cr)
  • Minimum lot size: 100 units with Rs. 10,000 minimum amount for all T-Bills
  • Maximum bidding limits: Rs. 450 cr (91-day), Rs. 600 cr (182-day), Rs. 400 cr (364-day)
  • Bidding available through NCB-GSec module on iBBS platform (https://ibbs.bseindia.com)
  • Bid collection starts January 19, 2026 from 10:00 AM (24-hour availability)
  • Settlement date: January 22, 2026
  • All three T-Bills are new issues (not reissues)

Regulatory Changes

No regulatory changes. This circular references 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 web-based system
  • Direct investors must submit bids by January 20, 2026, till 5:00 PM
  • Trading members must submit bids by January 21, 2026, till 8:00 AM
  • Minimum lot size of 100 units and minimum amount of Rs. 10,000 must be adhered to
  • Maximum bidding limits per security must not be exceeded

Important Dates

  • January 19, 2026: Bid collection start date (from 10:00 AM onwards)
  • January 20, 2026: Bid collection end date for direct investors (till 5:00 PM)
  • January 21, 2026: Bid collection end date for trading members (till 8:00 AM); Auction date
  • January 22, 2026: Settlement date

Impact Assessment

This is a routine operational circular with minimal market impact. It provides standard information about the non-competitive bidding process for Government of India Treasury Bills auction. The facility enables retail and institutional investors to participate in T-Bill auctions without competing on price, promoting broader participation in government securities market. The total issue size of Rs. 29,000 crores represents routine government borrowing through short-term instruments. No specific stocks or equity market participants are affected.

Impact Justification

Routine operational circular for debt market participants regarding T-Bill auction bidding facility with standard bidding parameters and timelines.