Description
BSE announces non-competitive bidding facility for Government of India Treasury Bills auction on February 25, 2026, covering 91-day, 182-day, and 364-day T-Bills worth Rs. 34,000 crore in aggregate.
Summary
BSE has announced the availability of non-competitive bidding facility for the Government of India’s Treasury Bills auction scheduled on February 25, 2026. Three T-Bills — 91-day, 182-day, and 364-day — are available for bidding through the NCB-GSec module on BSE’s iBBS platform. The aggregate issue size is Rs. 34,000 crore.
Key Points
- Government of India announced sale of three Treasury Bills via auction on February 25, 2026, as per RBI press release dated February 20, 2026.
- Bidding is accessible through the NCB-GSec module at https://ibbs.bseindia.com.
- 91-day T-Bill (091T270526): Issue size Rs. 14,000 crore; max individual bid Rs. 700 crore.
- 182-day T-Bill (182T260826): Issue size Rs. 12,000 crore; max individual bid Rs. 600 crore.
- 364-day T-Bill (364T250227): Issue size Rs. 8,000 crore; max individual bid Rs. 400 crore.
- All three T-Bills are new issuances (not reissues).
- Minimum lot size is 100 units; minimum bid amount is Rs. 10,000 for all three securities.
- This circular is in continuation of Exchange circular no. 20180423-42 dated April 26, 2018.
Regulatory Changes
No new regulatory changes. This is an operational notice under the existing non-competitive bidding framework established via circular 20180423-42 (April 26, 2018).
Compliance Requirements
- Trading members wishing to participate must submit bids through the NCB-GSec module on the iBBS platform.
- Members must ensure bids are submitted before February 25, 2026, 8:00 AM (member deadline).
- Direct investors must submit bids by February 24, 2026, 5:00 PM.
- Contact Trading Operations (trading.ops@bseindia.com / 022-2272 8376/5626/8226) for bidding-related queries.
- Contact ICCL Operations (settlements@icclindia.com / 022-2272 8468/8704/8264) for obligation and pay-in queries.
Important Dates
| Event | Date / Time |
|---|---|
| Bid Collection Start | February 23, 2026, 10:00 AM (24-hour availability) |
| Bid Collection End (Direct Investors) | February 24, 2026, 5:00 PM |
| Bid Collection End (Members) | February 25, 2026, 8:00 AM |
| Auction Date | February 25, 2026 |
| Settlement Date | February 26, 2026 |
Impact Assessment
This notice affects trading members and direct investors participating in the Government Securities debt market. The aggregate issuance of Rs. 34,000 crore across three T-Bill tenors (91-day, 182-day, 364-day) is a routine government borrowing activity. Equity market participants are not directly impacted. Members should ensure timely bid submission via the iBBS platform to avoid missing the auction window.
Impact Justification
Routine operational notice for trading members to participate in a scheduled Government of India T-Bill auction via BSE's NCB-GSec platform; no regulatory changes, affects debt market participants only.