Description
BSE announces non-competitive bidding facility for GoI's auction of three Treasury Bills (91-day, 182-day, 364-day) on February 25, 2026, with bidding available via the NCB-GSec module on the iBBS platform.
Summary
BSE has notified trading members of the non-competitive bidding facility for the Government of India’s auction of three Treasury Bills on February 25, 2026. Bidding is available through the NCB-GSec module of BSE’s iBBS web-based platform. This circular is issued in continuation of Exchange circular no. 20180423-42 dated April 26, 2018.
Key Points
- Government of India will sell three Treasury Bills (91-day, 182-day, 364-day) on February 25, 2026
- Bidding platform: https://ibbs.bseindia.com » NCB-GSec module
- All three T-Bills are new issuances (not reissues)
- Combined total issue size: Rs. 34,000 Crore
- Minimum bid amount: Rs. 10,000 per lot; minimum lot size: 100 units
- Separate bid collection deadlines apply for direct investors and trading members
Regulatory Changes
No new regulatory changes. This circular operates under the framework established by Exchange circular no. 20180423-42 (April 26, 2018) for non-competitive bidding in RBI-conducted Government Securities auctions.
Compliance Requirements
- Trading members must submit bids through the NCB-GSec module on the iBBS platform
- Members must adhere to the respective bid collection end times for direct investors and members
- Contact Trading Operations for new user ID creation, password resets, or bidding-related queries
- Contact ICCL Operations for obligation, pay-in, and settlement-related queries
Important Dates
| Event | Date & Time |
|---|---|
| Bid Collection Start | February 23, 2026, from 10:00 AM (24-hour availability) |
| Bid Collection End (Direct Investors) | February 24, 2026, till 5:00 PM |
| Bid Collection End (Members) | February 25, 2026, till 8:00 AM |
| Auction Date | February 25, 2026 |
| Settlement Date | February 26, 2026 |
Impact Assessment
Securities Available for Bidding:
| Security | Symbol | Type | Issue Size (Cr) | Min Lot | Min Amt (Rs.) | Max Amt (Cr) |
|---|---|---|---|---|---|---|
| 91 Day T-Bill | 091T270526 | T-Bills (New) | 14,000 | 100 | 10,000 | 700 |
| 182 Day T-Bill | 182T260826 | T-Bills (New) | 12,000 | 100 | 10,000 | 600 |
| 364 Day T-Bill | 364T250227 | T-Bills (New) | 8,000 | 100 | 10,000 | 400 |
This is a routine debt market operation with moderate market impact. The total issuance of Rs. 34,000 Crore in T-Bills will affect short-term liquidity and interest rate benchmarks. Trading members and institutional investors in the debt segment need to act promptly given the short bidding window, particularly members whose deadline is 8:00 AM on auction day.
Impact Justification
Routine periodic auction notification for government treasury bills; relevant to trading members and direct investors participating in debt/G-Sec markets via BSE's NCB-GSec platform. Total issue size is significant at Rs. 34,000 Cr across three instruments.