What changed
RBI has scheduled a fresh auction of three tenors of Treasury Bills with a total notified amount of ₹24,000 crore. The auction will be conducted on June 24, 2026, with settlement on June 25, 2026. Non-competitive participation is open to eligible entities and retail investors, with retail allocation capped at 5% of the notified amount.
What it means for you
This auction provides banks and primary dealers an opportunity to invest in short-term government securities, aiding liquidity management. The price-based multiple price method means each successful bidder pays their own bid price, which can lead to varied yields. Retail investors can participate easily via the Retail Direct portal, broadening the investor base.
What you must do
- Submit competitive bids via E-Kuber between 10:30 AM and 11:30 AM on June 24, 2026.
- Ensure non-competitive bids are placed by 11:00 AM on the same day.
- Arrange settlement funds for June 25, 2026, for successful bids.
- Prepare for physical bids only in case of system failure, submitting to the Public Debt Office before auction end.
Who it affects
Banks and primary dealers, State governments and Union Territories with legislature, Eligible Provident Funds, Designated Foreign Central Banks, Retail investors using RBI Retail Direct
What is the total notified amount for this T-Bill auction?
The total notified amount is ₹24,000 crore, split as ₹12,000 crore for 91-day, ₹6,000 crore for 182-day, and ₹6,000 crore for 364-day Treasury Bills.
Can retail investors participate in this auction?
Yes, retail investors can participate on a non-competitive basis through the RBI Retail Direct portal, with allocation capped at 5% of the notified amount.
What happens if the E-Kuber system fails on auction day?
In case of system failure, physical bids will be accepted. These must be submitted to the Public Debt Office before the auction timing ends, using the prescribed form available on the RBI website.