Description
BSE announces non-competitive bidding facility for three Government of India Treasury Bills (91-day, 182-day, 364-day) to be auctioned on February 25, 2026, with bidding available via the NCB-GSec module on iBBS platform.
Summary
BSE has announced the non-competitive bidding facility for the auction of three Treasury Bills (T-Bills) issued by the Government of India on February 25, 2026, as informed by RBI’s press release dated February 20, 2026. Trading members can participate through the NCB-GSec module on BSE’s iBBS web-based bidding platform.
Key Points
- Three T-Bills are available for non-competitive bidding: 91-day, 182-day, and 364-day maturities.
- Bidding is conducted via the NCB-GSec module at https://ibbs.bseindia.com.
- Combined issue size across all three T-Bills is Rs. 34,000 Crore.
- Minimum investment amount is Rs. 10,000 with lot size of 100 units.
- This auction continues the framework established under Exchange circular no. 20180423-42 dated April 26, 2018.
Regulatory Changes
No new regulatory changes introduced. This circular is issued in continuation of the existing non-competitive bidding framework for Government Securities established by Exchange circular no. 20180423-42 (April 26, 2018).
Compliance Requirements
- Trading members wishing to participate must access the NCB-GSec module on the iBBS platform (https://ibbs.bseindia.com).
- Members must submit bids within prescribed timelines and within the maximum investment cap per security.
- Direct investors and members have separate bid collection deadlines (see Important Dates below).
- For new user ID creation or password reset, contact Trading Operations: user.trdops@bseindia.com / 022-2272-8005 / 8215.
- For bidding queries: trading.ops@bseindia.com / 022-2272-8376 / 5626 / 8226.
- For obligation and pay-in queries: Collaterals@icclindia.com, settlements@icclindia.com / 022-2272-8468 / 8704 / 8264.
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 Details:
| Security | Symbol | Type | Issue Size (Cr) | Min Lot | Min Amt (Rs.) | Max Amt (Cr) |
|---|---|---|---|---|---|---|
| 91 Day T-Bill | 091T270526 | New | 14,000 | 100 | 10,000 | 700 |
| 182 Day T-Bill | 182T260826 | New | 12,000 | 100 | 10,000 | 600 |
| 364 Day T-Bill | 364T250227 | New | 8,000 | 100 | 10,000 | 400 |
This is a routine operational notice with low market impact. It is relevant only to debt market participants — trading members and direct investors — who wish to participate in the non-competitive auction of short-term government securities. No equities or listed companies are affected. The T-Bills are new issuances maturing in May 2026, August 2026, and February 2027 respectively.
Impact Justification
Routine operational notice for a scheduled T-Bill auction via the non-competitive bidding facility; no regulatory changes, no stock-specific impact, limited to debt market participants using the iBBS platform.