The 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||13,000||June 08, 2022|
|June 09, 2022|
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 the 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 a non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on a non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 per cent of the notified amount. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal (https://rbiretaildirect.org.in).
The auction will be Price based using the multiple price methods. 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, June 08, 2022, during the below-given timings:
|Competitive bids||12:30 pm – 01:30 pm|
|Non-Competitive bids||12:30 pm – 01:00 pm|
Results will be announced on the day of the auction.
Payment by successful bidders is to be made on Thursday, June 09, 2022.
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 the RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) 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, the IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).
Disclaimer : This is an official press release by RBI.