RBI Announces Calendar for Government of India Treasury Bills Auction 2026
The Reserve Bank of India has officially released the issuance calendar for Government of India Treasury Bills covering the quarter ending December 2026. This announcement details the scheduled dates and notified amounts for 91 days, 182 days, and 364 days Treasury Bills auctions.
Overview of Treasury Bills Auction Calendar
The Reserve Bank of India (RBI), working in coordination with the Government of India, has outlined the quarterly borrowing plan through short-term instruments. Financial market participants, institutional investors, and banks can now review the systematic schedule of auctions planned from October 2026 through December 2026. A total of 13 auction events are scheduled during this period, ensuring regular liquidity management and investment avenues in the sovereign debt market. The total notified amount targeted across this quarter reaches ₹2,99,000 crore, divided strategically among the three distinct tenors.
Detailed Breakdown of Notified Amounts
The issuance mechanism encompasses three different maturity periods: 91 days, 182 days, and 364 days. Each weekly auction typically takes place on a Wednesday, with the corresponding issue date following on the subsequent working day. Market participants bid for specific amounts, contributing to the overall quarterly target.
| Tenor Category | Total Auctions | Total Notified Amount (₹ crore) |
|---|---|---|
| 91 Days Treasury Bills | 13 | 1,04,000 |
| 182 Days Treasury Bills | 13 | 1,04,000 |
| 364 Days Treasury Bills | 13 | 91,000 |
| Total | 39 | 2,99,000 |
Flexibility and Modifications in Schedule
The central bank retains the administrative flexibility to modify the indicated amounts and timing of any Treasury Bill auction. Such adjustments depend directly upon the evolving requirements of the central government, prevailing financial market conditions, and other relevant economic factors. Whenever changes become necessary due to intervening holidays or operational circumstances, the RBI formally communicates these updates through official press releases.
Governing Terms and Conditions
All Treasury Bill auctions conducted under this calendar are subject to the specific terms and conditions stipulated in the General Notification No. F.No.4(2)-B(W&M)/2018, originally issued by the Government of India on March 26, 2025, and subsequently amended from time to time. Interested entities must adhere to these established regulatory guidelines when participating in sovereign debt auctions.
Important Dates for Q3 Financial Year
| Event Description | Date / Period |
|---|---|
| Quarter Coverage | October 2026 – December 2026 |
| First Auction Date | October 7, 2026 |
| Final Auction Date of Quarter | December 30, 2026 |
What Financial Participants Should Do Next
Banks, primary dealers, and financial institutions should review the auction calendar carefully and align their liquidity management strategies accordingly. Stakeholders must monitor subsequent official notifications from the Reserve Bank of India for any potential alterations to individual auction dates or notified amounts. For comprehensive details, participants can visit the official RBI website at https://www.rbi.org.in.
Frequently Asked Questions
What period does the RBI Treasury Bills auction calendar cover?
The calendar covers the quarter ending December 2026, specifically from October 2026 to December 2026.
What is the total notified amount for the quarter ending December 2026?
The total notified amount for the quarter is ₹2,99,000 crore across all tenors.
What are the tenors available in the Treasury Bills auction calendar?
The auctions are conducted for 91 days, 182 days, and 364 days tenors.
Can the Reserve Bank of India modify the auction schedule?
Yes, the RBI retains the flexibility to alter notified amounts and timing based on government requirements and market conditions, giving due notice to the market.
Which notification governs the terms and conditions of these auctions?
The auctions are governed by the General Notification No. F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by the Government of India.
Official Links
Details are compiled from official notices. Always confirm eligibility, dates and fees on the official website before applying.