Description
BSE announces non-competitive bidding facility for Government of India Treasury Bills auction on March 04, 2026, covering 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 34,000 crore.
Summary
BSE has announced the non-competitive bidding facility for the Government of India’s auction of three Treasury Bills (T-Bills) scheduled for March 04, 2026. The auction, announced by RBI via press release on February 27, 2026, covers 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 34,000 crore. Trading members can participate through the NCB-GSec module on BSE’s iBBS web-based bidding platform.
Key Points
- Three T-Bills are being auctioned: 91-day (091T030626), 182-day (182T020926), and 364-day (364T040327)
- Total combined issue size is Rs. 34,000 crore across all three instruments
- Bidding is available via the NCB-GSec module at https://ibbs.bseindia.com
- Minimum lot size is 100 units; minimum bid amount is Rs. 10,000 for all three securities
- This is in continuation of Exchange circular no. 20180423-42 dated April 26, 2018, which launched the non-competitive bidding facility for Government Securities
Regulatory Changes
No new regulatory changes introduced. This circular operates under the existing 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 wishing to participate must access the NCB-GSec module on BSE’s iBBS platform
- Members must submit bids before March 04, 2026 at 8:00 am
- Direct investors must submit bids before March 03, 2026 at 5:00 pm
- For new user ID creation or password issues, contact Trading Operations at user.trdops@bseindia.com or 022-2272 8005/8215
- For bidding queries, contact trading.ops@bseindia.com or 022-2272 8376/5626/8226
- For obligation and pay-in queries, contact ICCL Operations at Collaterals@icclindia.com or settlements@icclindia.com
Important Dates
| Event | Date/Time |
|---|---|
| Bid Collection Start | March 02, 2026 from 10:00 am (24-hour availability) |
| Bid Collection End (Direct Investors) | March 03, 2026 till 5:00 pm |
| Bid Collection End (Members) | March 04, 2026 till 8:00 am |
| Auction Date | March 04, 2026 |
| Settlement Date | March 05, 2026 |
Impact Assessment
| Security | Symbol | Issue Size | Max Bid Amount |
|---|---|---|---|
| 91-Day T-Bill | 091T030626 | Rs. 14,000 crore | Rs. 700 crore |
| 182-Day T-Bill | 182T020926 | Rs. 12,000 crore | Rs. 600 crore |
| 364-Day T-Bill | 364T040327 | Rs. 8,000 crore | Rs. 400 crore |
This is a routine government securities auction notice impacting debt market participants and trading members active in the G-Sec segment. The Rs. 34,000 crore total issue size reflects standard short-term government borrowing activity. Impact is limited to members utilizing the NCB-GSec platform and investors seeking risk-free short-term instruments.
Impact Justification
Routine operational notice for trading members about T-Bill auction participation via BSE's NCB-GSec platform; relevant to debt market participants but limited in broader market impact.