Description
BSE announces non-competitive bidding facility for RBI auction of 6.48% GS 2035 government dated security worth Rs 32,000 crores on January 30, 2026.
Summary
BSE has announced the availability of non-competitive bidding facility for trading members to participate in the RBI auction of Government of India dated securities scheduled for January 30, 2026. The auction will feature one security - 6.48% GS 2035 - with a total issue size of Rs 32,000 crores. Members can submit bids through the NCB-GSec module of BSE’s iBBS web-based system.
Key Points
- Single G-sec available for auction: 6.48% GS 2035 (re-issue)
- Total issue size: Rs 32,000 crores
- Minimum subscription: 100 units with Rs 10,000 minimum amount
- Maximum subscription: Rs 2 crores per bid
- Bidding platform: NCB-GSec module on iBBS system (https://ibbs.bseindia.com)
- Settlement date: February 02, 2026
- Facility available to trading members and direct investors
Regulatory Changes
No new regulatory changes. This circular is issued in continuation of Exchange circular no. 20180423-42 dated April 23, 2018, regarding the launch of non-competitive bidding facility for Government Securities auctions.
Compliance Requirements
For Trading Members:
- Access NCB-GSec module through iBBS web-based system
- Submit bids within specified timelines
- Adhere to minimum and maximum bidding limits
- Contact Trading Operations for user ID creation or password reset if needed
For Direct Investors:
- Submit bids by January 29, 2026 till 5:00 pm
Important Dates
- Bid Collection Start: January 27, 2026 from 10:00 am onwards (24-hour availability)
- Bid Collection End (Direct Investors): January 29, 2026 till 5:00 pm
- Bid Collection End (Trading Members): January 30, 2026 till 8:00 am
- Auction Date: January 30, 2026
- Settlement Date: February 02, 2026
Security Details
| Parameter | Details |
|---|---|
| Security Symbol | 6.48% GS 2035 |
| Type | 648GS35J26 |
| Classification | G-Sec |
| Issue Type | Re-issue |
| Issue Size | Rs 32,000 crores |
| Min Subscription Units | 100 (and multiples thereof) |
| Minimum Amount | Rs 10,000 |
| Maximum Amount | Rs 2 crores |
Contact Information
New User ID Creation/Password Reset:
- Team: Trading Operations
- Email: user.trdops@bseindia.com
- Tel: 022-2272 8005/8215
Bidding Related Queries:
- Team: Trading Operations
- Email: trading.ops@bseindia.com
- Tel: 022-2272 8376/5626/8226
Obligation & Pay-in Related Queries:
- Team: ICCL Operations
- Email: Collaterals@icclindia.com, settlements@icclindia.com
- Tel: 022-2272 8468/8704/8264
Impact Assessment
This is a routine operational circular with minimal market impact. It facilitates participation in government securities auction through the established non-competitive bidding mechanism. The circular is relevant primarily for:
- Trading members interested in investing in government securities
- Direct investors seeking to participate in G-sec auctions
- Treasury and fixed income desks of member firms
No changes to existing market structure, trading rules, or compliance requirements. The facility has been operational since 2018 and this circular provides specific details for the upcoming auction on January 30, 2026.
Impact Justification
Routine operational circular for G-sec auction participation through NCB facility. Limited to trading members interested in government securities. No regulatory changes or market-wide impact.