RBI to auction Rs 24,000 crore in treasury bills on August 19

The Reserve Bank of India will auction Government of India Treasury Bills worth a total of Rs 24,000 crore on Wednesday, August 19, 2026. The notified amounts are Rs 9,000 crore for 91-day bills, Rs 8,000 crore for 182-day bills, and Rs 7,000 crore for 364-day bills. Settlement will take place on Thursday, August 20, 2026.

The sale is subject to terms from a March 2025 government notification, the RBI said. Non-competitive bids are open to state governments, Union Territories with legislatures, eligible provident funds, designated foreign central banks, and specified institutions. Individual retail investors may also bid via the non-competitive scheme, with a maximum allocation of 5 percent of the notified amount, through the RBI's Retail Direct portal. Competitive bids must be submitted electronically on the E-Kuber system between 10:30 am and 11:30 am; non-competitive bids close at 11:00 am.

The auction uses a price-based multiple price method. Results will be announced on the auction day. Payment by successful bidders is due by August 20. Physical bids will be accepted only in case of system failure and must reach the Public Debt Office before the auction deadline.