The Reserve Bank of India has announced a treasury bill auction scheduled for July 22, 2026. The auction covers three tenures — 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 T-bills worth ₹9,000 crore, 182-day T-bills worth ₹8,000 crore, and 364-day T-bills worth ₹7,000 crore. All three auctions share the same auction date of July 22, 2026 (Wednesday). Settlement will take place the following day, on July 23, 2026 (Thursday).
The auction will use a price-based multiple price method. Competitive bids must be submitted electronically via the RBI’s E-Kuber system between 10:30 am and 11:30 am. Non-competitive bids, however, must be submitted between 10:30 am and 11:00 am on the same day.
The RBI will announce results on the day of the auction itself. Additionally, successful bidders must make payment on July 23, 2026.
What This Means for Retail Investors
Individual investors can participate in this treasury bill auction on a non-competitive basis. Therefore, they do not need to quote a price or yield. The allocation for retail investors is capped at 5 percent of the notified amount for each tenor.
Retail investors can conveniently place bids through the RBI Retail Direct portal at rbiretaildirect.org.in. This portal makes it easy for individuals to invest directly in government securities. Meanwhile, State Governments, Union Territories with legislature, eligible Provident Funds, and designated Foreign Central Banks may also participate on a non-competitive basis.
In case of system failure, the RBI will accept physical bids submitted to the Public Debt Office before the auction closes. For technical issues with E-Kuber, bidders should contact the Core Banking Operations Team at 022-69870466 or 022-69870415. For other auction-related queries, the IDMD auction team is available at 022-22702431 or 022-22705125.
This auction falls under the terms specified in Government of India General Notification F.No.4(2)-B(W&M)/2018, dated March 26, 2025. For full details, visit the official RBI press release.
Source: RBI Press Releases
