Press Releases

PDF document (345 kb)
Date : May 12, 2023
91 days, 182 days and 364 days Treasury Bills auction

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

Sr. No. Treasury Bill Notified Amount
(in ₹ Crore)
Auction Date Settlement Date
1 91 Days 12,000 May 17, 2023
May 18, 2023
2 182 Days 12,000
3 364 Days 8,000
  Total 32,000    

The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through Retail Direct portal (

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, May 17, 2023, during the below given timings:

Category Timing
Competitive bids 10:30 am - 11:30 am
Non-Competitive bids 10:30 am - 11:00 am

Results will be announced on the day of the auction.

Payment by successful bidders will have to be made on Thursday, May 18, 2023.

Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website ( before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/223