Home › Circulars › https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63030

RBI to Auction ₹13,600 Crore State Government Securities on June 30

No longer current — withdrawn, no replacement on file yet
Most relevant forTrade Finance / Forex OperationsCompliance TeamRisk ManagementTreasury Team / ALMEconomist / ResearchCorporate / Wholesale Banking RM
🛠 Banker’s toolkit — checklists & reply templates →
⏱ ~2 min read
📄 Source: Reserve Bank of India · Press Release prid 63030
Quick answerRBI will auction State Government Securities worth ₹13,600 crore on June 30, 2026, via E-Kuber. Bids open 10:30-11:30 AM (competitive) and 10:30-11:00 AM (non-competitive). Settlement on July 1. Stocks qualify for SLR and ready forward.

What changed

RBI announced a fresh auction of State Government Securities (SGS) aggregating ₹13,600 crore across Andhra Pradesh, Assam, Punjab, Rajasthan, and Telangana. The auction includes both new issuances and re-issues of existing stocks with tenors ranging from 4 to 29 years. Non-competitive bidding is available for up to 10% of notified amount, with a 1% cap per bid per stock.

What it means for you

Banks can use these SGS for SLR compliance under Section 24 of the Banking Regulation Act, 1949, and for ready forward transactions. The auction provides an opportunity to invest in state debt with varying tenors, aiding liquidity and portfolio diversification. Competitive bidders must express yield or price to two decimal places, and multiple bids per state are allowed but aggregate cannot exceed notified amount.

The rule, in the simplest words
  • RBI will auction ₹13,600 crore of State Government Securities (SGS) on June 30, 2026 using the E‑Kuber system.
  • Competitive bids are accepted from 10:30 AM to 11:30 AM; non‑competitive bids from 10:30 AM to 11:00 AM, with a maximum of 10% of each stock’s amount and 1% per single bid.
  • The auction includes new issues and re‑issues from Andhra Pradesh, Assam, Punjab, Rajasthan, and Telangana, with tenors (how long the loan lasts) ranging from 4 to 29 years.
  • Banks can use these SGS to meet SLR (how much cash banks must keep on hand) requirements and for ready‑forward transactions (selling securities to get cash quickly).
  • Competitive bidders must state the yield (interest rate) or price to two decimal places; they can place multiple bids per state but the total cannot exceed the notified amount for that state.
How it plays out — a real example

A gold‑loan officer in Indore, named Rohan, checks the E‑Kuber auction results on June 30. He sees that Telangana’s 13‑year SGS are available and decides to place a competitive bid to buy ₹200 crore worth of these securities. By doing so, he helps his bank meet its SLR target and diversifies the bank’s portfolio with a long‑term state debt instrument.

What you must do

Who it affects

Banks and financial institutions investing in government securities, Eligible individual investors via Retail Direct portal, State governments of Andhra Pradesh, Assam, Punjab, Rajasthan, and Telangana, RBI's Public Debt Office and E-Kuber system participants

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What is the minimum bid amount for these State Government Securities?

The minimum nominal amount is ₹10,000, and bids must be in multiples of ₹10,000 thereafter.

Can I submit multiple competitive bids for the same state?

Yes, you can submit multiple competitive bids at different yield or price rates, but the total amount across all bids for a state cannot exceed the notified amount for that state.

Are these securities eligible for SLR?

Yes, investment in these State Government Stocks qualifies as an eligible investment in Government Securities for SLR under Section 24 of the Banking Regulation Act, 1949.

Test yourself

Quick self-check built only from the facts already on this page — tap a question to reveal the answer.

Q1. In one line, what does this circular do?

RBI will auction State Government Securities worth ₹13,600 crore on June 30, 2026, via E-Kuber. Bids open 10:30-11:30 AM (competitive) and 10:30-11:00 AM (non-competitive). Settlement on July 1. Stocks qualify for SLR and ready forward.

Q2. Who does this circular apply to?

Banks and financial institutions investing in government securities, Eligible individual investors via Retail Direct portal, State governments of Andhra Pradesh, Assam, Punjab, Rajasthan, and Telangana, RBI's Public Debt Office and E-Kuber system participants

Q3. What is the first thing you should do about it?

Submit competitive bids on E-Kuber between 10:30 AM and 11:30 AM on June 30, 2026.

Related circulars · Internal Debt Management
RBI Buyback Auction Results for Government SecuritiesT-Bill Auction Calendar for Q2 FY27 ReleasedG-Sec Auction Results: 6.68% GS 2040 & 7.43% GS 2076G-Sec Auction Results: 6.68% GS 2040 & 7.43% GS 2076T-Bill Auction Results: June 24, 2026
Browse all departments →

💬 Banker Discussion

Discuss this circular with fellow bankers. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…
Who does what — compliance checklist
📜 Compliance
  • Submit competitive bids on E-Kuber between 10:30 AM and 11:30 AM on June 30, 2026.
  • Ensure non-competitive bids are placed by 11:00 AM on the same day.
  • Prepare payment by July 1, 2026, during banking hours at Mumbai or respective RBI Regional Offices.
  • Verify that total bids per state do not exceed the notified amount for that state (not aggregate ₹13,600 crore).
  • Contact IDMD Auction Team at 022-22702431/022-22705125 for auction-related issues.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (Banks and financial institutions investing in government securities, Eligible individual investors via Retail Direct portal, State governments of Andhra Pradesh, Assam, Punjab, Rajasthan, and Telangana, RBI's Public Debt Office and E-Kuber system participants), your first concrete step on “RBI to Auction ₹13,600 Crore State Government Securities on June 30” is: “Submit competitive bids on E-Kuber between 10:30 AM and 11:30 AM on June 30, 2026.”.

  1. Circular: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63030 -- RBI to Auction ₹13,600 Crore State Government Securities on June 30
  2. Issued: 25 Jun 2026, 23:10 IST
  3. Action required: Submit competitive bids on E-Kuber between 10:30 AM and 11:30 AM on June 30, 2026.
  4. Action required: Ensure non-competitive bids are placed by 11:00 AM on the same day.
  5. Action required: Prepare payment by July 1, 2026, during banking hours at Mumbai or respective RBI Regional Offices.
  6. Action required: Verify that total bids per state do not exceed the notified amount for that state (not aggregate ₹13,600 crore).
  7. Action required: Contact IDMD Auction Team at 022-22702431/022-22705125 for auction-related issues.
  8. Owner: ____________ Target date: ____________
  9. Board/committee approval needed? Y / N
  10. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
AI-drafted · 1-model AI consensus fact-check · under the editorial review of our expert review panel · decoded & published by BankPulse · 25 Jun 2026, 23:10 IST
Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63030 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert review panel. Independent platform, not affiliated with the Reserve Bank of India; never reproduces RBI text verbatim.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
—