The Reserve Bank of India (RBI) has announced a Treasury Bill auction scheduled for July 29, 2026. The auction covers three tenors — 91-day, 182-day, and 364-day Treasury Bills — with a combined notified amount of ₹24,000 crore.
Key Details of the Treasury Bill Auction
The RBI will auction 91-day Treasury Bills worth ₹9,000 crore, 182-day bills worth ₹8,000 crore, and 364-day bills worth ₹7,000 crore. Therefore, the total amount on offer stands at ₹24,000 crore. Settlement for all three instruments will take place on July 30, 2026 (Thursday).
The auction will use a price-based multiple price method. Competitive bids must be submitted via RBI’s E-Kuber system between 10:30 AM and 11:30 AM. Non-competitive bids, however, must be submitted by 11:00 AM on the same day.
Results will be announced on the day of the auction itself. Additionally, successful bidders must complete payment by July 30, 2026.
Who Can Participate in the Treasury Bill Auction?
State governments, Union Territories with legislature, eligible provident funds, and designated foreign central banks can all participate on a non-competitive basis. Importantly, this allocation falls outside the notified amount. Individual retail investors can also participate through the RBI Retail Direct portal at rbiretaildirect.org.in.
For retail investors, the allocation is capped at a maximum of 5 percent of the notified amount. This limit ensures fair access while keeping the process structured. As a result, small investors can gain safe, short-term government-backed returns.
What Happens in Case of Technical Issues?
In the event of a system failure, the RBI will accept physical bids at the Public Debt Office. Bidders can contact the office at 022-22603456 or 022-22603457. Meanwhile, for E-Kuber technical difficulties, the Core Banking Operations Team is reachable at 022-69870466. For other auction queries, the IDMD auction team can be contacted at 022-22702431.
Downloadable bid forms are available on the RBI website. This ensures continuity even during technical disruptions.
Source: RBI Press Releases
