RBI to Conduct Underwriting Auction for Rs.29,000 Crore Government Securities on March 6
The Government of India will conduct an underwriting auction for the sale of Government Securities worth ₹29,000 crore on March 6, 2026. The securities will be sold through a re-issue of existing government bonds.
According to a press release issued by the Reserve Bank of India (RBI) on March 5, 2026, the auction will include two government securities. These are 6.68% Government Security 2040 worth ₹16,000 crore and 6.90% Government Security 2065 worth ₹13,000 crore.
Under the current underwriting commitment scheme announced on November 14, 2007, each Primary Dealer (PD) will have a minimum underwriting commitment and a minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction.
For the 6.68% GS 2040, the minimum underwriting commitment per Primary Dealer is ₹381 crore, and the minimum bidding commitment under the ACU auction is also ₹381 crore.
For the 6.90% GS 2065, the minimum underwriting commitment per Primary Dealer is ₹310 crore, and the minimum bidding commitment under the ACU auction is ₹310 crore.
The underwriting auction will be conducted using the multiple price-based method. Primary Dealers can submit their bids electronically through the RBI Core Banking Solution, known as the e-Kuber system.
The bidding window for the ACU auction will remain open from 9:00 AM to 9:30 AM on March 6, 2026, the day of the auction.
The underwriting commission will be credited to the current accounts of the respective Primary Dealers with RBI on the day when the securities are issued.
