Description
BSE announces non-competitive bidding facility for three Treasury Bills auction on March 11, 2026, with bid collection starting March 9, 2026 via the NCB-GSec module on iBBS platform.
Summary
BSE has announced the non-competitive bidding facility for the Government of India’s auction of three Treasury Bills on March 11, 2026. This is in reference to an RBI press release dated March 06, 2026, and follows the framework established by Exchange circular no. 20180423-42 (April 26, 2018). Trading members can participate through the NCB-GSec module of BSE’s iBBS web-based bidding platform.
Key Points
- Three Treasury Bills (91-day, 182-day, and 364-day) are available for non-competitive bidding
- Bidding is conducted via the NCB-GSec module at https://ibbs.bseindia.com
- Bid collection begins March 9, 2026 at 10:00 am (24-hour availability)
- Direct investors must submit bids by March 10, 2026 at 5:00 pm
- Members must submit bids by March 11, 2026 at 8:00 am
- Minimum lot size is 100 units; minimum amount is Rs. 10,000
Regulatory Changes
No new regulatory changes. This circular operates under the existing non-competitive bidding framework established by Exchange circular no. 20180423-42 dated April 26, 2018.
Compliance Requirements
- Trading members wishing to participate must use the NCB-GSec module on the iBBS platform
- Bids must be submitted within the prescribed timelines for members (by 8:00 am on March 11, 2026)
- Direct investors must submit bids by 5:00 pm on March 10, 2026
- Minimum bid amount is Rs. 10,000 in multiples of Rs. 100 (face value)
- Maximum bid amounts per security: Rs. 700 Cr (91-day), Rs. 600 Cr (182-day), Rs. 400 Cr (364-day)
Important Dates
| Event | Date/Time |
|---|---|
| Bid Collection Start | March 09, 2026, 10:00 am onwards |
| Bid Collection End (Direct Investors) | March 10, 2026, 5:00 pm |
| Bid Collection End (Members) | March 11, 2026, 8:00 am |
| Auction Date | March 11, 2026 |
| Settlement Date | March 12, 2026 |
Impact Assessment
Securities on Offer:
| Security | Symbol | Type | Issue Size (Cr) | Max Amt per Bid (Cr) |
|---|---|---|---|---|
| 91 Day T-Bill | 091T100626 | New | 14,000 | 700 |
| 182 Day T-Bill | 182T090926 | New | 12,000 | 600 |
| 364 Day T-Bill | 364T110327 | New | 8,000 | 400 |
This is a routine operational announcement affecting trading members and direct investors participating in the government securities debt segment. The total auction size is Rs. 34,000 Cr across three new T-Bill issuances. Settlement occurs on T+1 basis (March 12, 2026). No broader market disruption is anticipated; impact is limited to debt segment participants using BSE’s NCB-GSec platform.
Impact Justification
Routine operational circular for T-Bill auction participation via non-competitive bidding; relevant to trading members and direct investors in government securities but limited to debt segment participants.