Auction Results 7.04% GS 2029 7.23% GS 2039 7.09% GS 2054 I. Notified Amount ₹12,000 crore ₹12,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹12,000 crore ₹12,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 154 196 203

7.04% GS 2029 7.23% GS 2039 7.09% GS 2054 I. Notified Amount ₹12,000 crore ₹12,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 101.52/6.6530% 104.07/6.7848% 102.28/6.9076% III. Amount accepted in the auction ₹12,000 crore ₹12,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

In the underwriting auctions conducted on September 27, 2024, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: (₹ crore) Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate (paise per ₹100) 7.04% GS 2029 12,000 6,006 5,994 12,000 0.03 7.23% GS 2039 12,000 6,006 5,994 12,000 0.04 7.09% GS 2054 10,000 5,019 4,981 10,000 0.09 Auction for the sale of securities will be held on September 27, 2024.

It has been decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the second half of the financial year 2024-25 (October 2024 to March 2025) will be ₹50,000 crore.

The Reserve Bank of India, in consultation with the Government of India, hereby, notifies the calendar for issuance of Treasury Bills for the quarter ending December 2024 as under

In order to enable institutional and retail investors to plan their investments efficiently and to provide transparency and stability to the Government Securities Market, the Reserve Bank of India, in consultation with the Government of India, hereby, notifies the indicative calendar for issuance of Government dated securities, including Sovereign Green Bonds (SGrB), for the second half of the fiscal year 2024-25 (October 01, 2024 to March 31, 2025). The issuance calendar is as under:

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 27, 2024. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under: (₹ crore)

The result of the auction of State Government Securities held on September 24, 2024 is as under: (Amount in ₹ Crore) ASSAM 2031 BIHAR 2033 CHHATTISGARH 2030 GOA 2034 Notified Amount 250 2000 1000 150 Tenure 7 9 6 10 Competitive Bids Received (i) No. 11 59 36 23 (ii) Amount 1150 6085 5060 938 Cut off Price (₹) / Yield (%) 7.05 7.12 7.03 7.12

Sr. No. State Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Assam 250 250 7.05 7 2 Bihar 2000 2000 7.12 9 3 Chhattisgarh 1000 1000 7.03 6 4 Goa 150 150 7.12 10 5 Haryana 1000 1000 7.12 12 6 Karnataka 3000 3000 6.95 4 7 Madhya Pradesh 2500 2500 7.12 12

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹34,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 7.04% GS 2029 Jun 03, 2029 12,000 F.No.4(3)-B(W&M)/2024 dated September 23, 2024 September 27, 2024 (Friday) September 30, 2024 (Monday) 2 7.23% GS 2039 Apr 15, 2039 12,000 3 7.09% GS 2054 Aug 05, 2054 10,000 Total 34,000

A. Source Security 5.22% GS 2025 8.20% GS 2025 7.59% GS 2026 8.15% GS 2026 B. Notified Amount (amount in ₹ cr) 2,000 6,000 2,000 3,000 Destination Security 7.40% GS 2035 7.40% GS 2035 8.32% GS 2032 6.67% GS 2035 C. i. No. of offers received 15 4 3 9 ii. Total amount of Source Security offered (Face value in ₹ cr) 3,638.000 6,626.671 2,265.000 2,360.000 iii. No of offers accepted 12 2 2 9 iv. Total amount of source security accepted (Face value in ₹ cr) 2,000.000 6,000.000 2,000.000 2,360.000

The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year September 22, 2024 to March 21, 2025 shall be 7.93 percent per annum.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹34,400 Crore (Face Value). Sr. No. State Amount to be raised. (₹Crore) Tenure (Year) Type of Auction 1 Assam 250 7 Yield 2 Bihar 2000 9 Yield 3 Chhattisgarh 1000 6 Yield 4 Goa 150 10 Yield 5 Haryana 1000 12 Yield 6 Karnataka 3000 4 Yield 7 Madhya Pradesh 2500 12 Yield 2500 19 Yield

Auction Results 7.10% GS 2034 7.34% GS 2064 I. Notified Amount ₹20,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹20,000 crore ₹11,000 crore III. Competitive Bids Received (i) Number 292 290 (ii) Amount ₹54628.000 crore ₹31931.484 crore IV. Cut-off price / Yield 102.40 105.12 (YTM: 6.7540%) (YTM: 6.9577%) V. Competitive Bids Accepted (i) Number 98 82 (ii) Amount ₹19952.155 crore ₹10982.181 crore VI. Partial Allotment Percentage of Competitive Bids 47.87% 79.96% (33 Bids) (12 Bids) VII. Weighted Average Price/Yield 102.42 105.15 (WAY: 6.7512%) (WAY: 6.9555%)

7.10% GS 2034 7.34% GS 2064 I. Notified Amount ₹20,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 102.40/6.7540% 105.12/6.9577% III. Amount accepted in the auction ₹20,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auctions conducted on September 20, 2024, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: (₹ crore) Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate (paise per ₹100) 7.10% GS 2034 20,000 10,017 9,983 20,000 0.04 7.34% GS 2064 11,000 5,502 5,498 11,000 0.05 Auction for the sale of securities will be held on September 20, 2024.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 20, 2024. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under: (₹ crore) Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction 7.10% GS 2034 20,000 477 477 7.34% GS 2064 11,000 262 262

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the conversion/switch are given as under:

The result of the auction of State Government Securities held on September 17, 2024 is as under:

Sr. No. State Amount to be raised (₹Crore) Amount Accepted (₹Crore) Cut off Yield (%) Tenure (Year) 1 Assam 500 500 7.13 10 2 Bihar 2000 2000 7.11 9 3 Chhattisgarh 1000 1000 7.00 5 4 Haryana 1000 1000 7.13 12 5 Kerala 1500 1500 7.14 23 6 Maharashtra 1500 1500 7.10 9 1500 1500 7.12 12 1500 1500 7.13 13 1500 1500 7.13 19 7 Tamil Nadu 1000 1000 7.10 10 8 Telangana 500 500 7.13 12 Total 13500 13500

In terms of GOI Notification F. No. 4(7) – B (W&M) /2019 dated May 30, 2019 (SGB 2019-20 Series IV - Issue date September 17, 2019) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the due date of premature redemption of the above tranche shall be September 17, 2024.

In terms of GOI Notification F. No. 4(16) – (W&M) /2016 dated February 23, 2017 (SGB 2016-17 Series IV - Issue date March 17, 2017) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be September 17, 2024. 

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹31,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 7.10% GS 2034 Apr 08, 2034 20,000 F.No.4(3)-B(W&M)/2024 dated September 13, 2024 September 20, 2024 (Friday) September 23, 2024 (Monday) 2 7.34% GS 2064 Apr 22, 2064 11,000 Total 31,000

Auction Results 7.02% GS 2031 7.46% GS 2073 I. Notified Amount ₹11,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹11,000 crore ₹11,000 crore III. Competitive Bids Received (i) Number 179 220 (ii) Amount ₹37960.000 crore ₹29993.000 crore IV. Cut-off price / Yield 101.39 106.67 (YTM: 6.7575%) (YTM: 6.9771%) V. Competitive Bids Accepted (i) Number 22 47

7.02% GS 2031 7.46% GS 2073 I. Notified Amount ₹11,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 101.39/6.7575% 106.67/6.9771% III. Amount accepted in the auction ₹11,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL

In the underwriting auctions conducted on September 13, 2024, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹13,500 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1 Assam 500 10 Yield 2 Bihar 2000 9 Yield 3 Chhattisgarh 1000 5 Yield 4 Haryana 1000 12 Yield 5 Kerala 1500 23 Yield 6 Maharashtra 1500 9 Yield 1500 12 Yield 1500 13 Yield 1500 19 Yield 7 Tamil Nadu 1000 10 Yield 8 Telangana 500 12 Yield Total 13,500 

As per the Calendar for Auction of Government of India Treasury Bills for the Quarter ending September 2024 issued on June 28, 2024, the next two auctions are scheduled to be held on September 18, 2024 and September 25, 2024. On a review, it has been decided, in consultation with the Government of India, to cancel the auctions of Treasury Bills scheduled on September 18, 2024 and September 25, 2024.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 13, 2024. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 79 88 104 (ii) Amount ₹ 17251.290 Crore ₹ 15990.200 Crore ₹ 28815.000 Crore III. Cut-off price / Yield 98.3700 96.7568 93.7336 (YTM:6.6462%) (YTM:6.7222%) (YTM:6.7037%) IV. Competitive Bids Accepted

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3700 (YTM: 6.6462%) 96.7568 (YTM: 6.7222%) 93.7336 (YTM: 6.7037%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore

The result of the auction of State Government Securities held on September 10, 2024 is as under: (Amount in ₹Crore) BIHAR 2033 HIMACHAL PRADESH 2039 KERALA 2045 MAHARASHTRA 2034 Notified Amount 2000 700 1500 1500 Tenure 9 15 21 Reissue of 7.20% Maharashtra SGS 2034 issued on August 28, 2024 Competitive Bids Received (i) No. 78 66 28 132 (ii) Amount 6610 4629.600 5145 9145

Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Bihar 2000 2000 7.21 09 2 Himachal Pradesh 700 700 7.22 15 3 Kerala 1500 1500 7.23 21 4 Maharashtra 1500 1500 100.00/ 7.1994 Reissue of 7.20% Maharashtra SGS 2034 issued on August 28, 2024 1500 1500 100.18/ 7.2197 Reissue of 7.24% Maharashtra SGS 2039 issued on August 28, 2024 1500 1500 100.00/ 7.2496 Reissue of 7.25% Maharashtra SGS 2044 issued on August 28, 2024

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹22,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 7.02% GS 2031 Jun 18, 2031 11,000 F.No.4(3)-B(W&M)/2024 dated September 09, 2024 September 13, 2024 (Friday) September 17, 2024 (Tuesday) 2 7.46% GS 2073 Nov 06, 2073 11,000 Total 22,000 

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹13,790 Crore (Face Value). Sr. No. State Amount to be raised (₹Crore) Tenure (Year) Type of Auction 1. Bihar 2000 09 Yield 2. Himachal Pradesh 700 15 Yield 3. Kerala 1500 21 Yield

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 8,000 September 11, 2024 (Wednesday) September 12, 2024 (Thursday) 2 182 Days 6,000 3 364 Days 6,000 Total 20,000

Auction Results 7.02% GS 2027 7.23% GS 2039 7.34% GS 2064 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore II. Underwriting Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore III. Competitive Bids Received (i) Number 121 309 253 (ii) Amount ₹37240.982 crore ₹43547.436 crore ₹27762.170 crore IV. Cut-off price / Yield 100.67 102.92 104.31 (YTM: 6.7401%) (YTM: 6.9082%) (YTM: 7.0157%) V. Competitive Bids Accepted (i) Number 13 98 134 (ii) Amount ₹5991.226 crore ₹11987.640 crore ₹10983.787 crore VI. Partial Allotment Percentage of Competitive Bids 34.89% 63.24% 9.83% (6 Bids) (43 Bids) (20 Bids) VII. Weighted Average Price/Yield 100.68 102.93 104.35 (WAY: 6.7361%) (WAY: 6.9071%) (WAY: 7.0128%) VIII. Non-Competitive Bids Received (i) Number 3 7 7 (ii) Amount ₹8.774 crore ₹12.360 crore ₹16.213 crore

7.02% GS 2027 7.23% GS 2039 7.34% GS 2064 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.67/6.7401% 102.92/6.9082% 104.31/7.0157% III. Amount accepted in the auction ₹6,000 crore ₹12,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

In the underwriting auctions conducted on September 06, 2024, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: (₹ crore) Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate (paise per ₹100) 7.02% GS 2027 6,000 3,003 2,997 6,000 0.04 7.23% GS 2039 12,000 6,006 5,994 12,000 0.04 7.34% GS 2064 11,000 5,502 5,498 11,000 0.06 Auction for the sale of securities will be held on September 06, 2024.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 06, 2024. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 94 84 93 (ii) Amount ₹ 25415.630 Crore ₹ 15896.750 Crore ₹ 24086.250 Crore III. Cut-off price / Yield 98.3739 96.7550 93.7234 (YTM:6.6301%) (YTM:6.7261%) (YTM:6.7153%) IV. Competitive Bids Accepted (i) Number 38 47 24

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3739 (YTM:6.6301%) 96.7550 (YTM: 6.7261%) 93.7234 (YTM: 6.7153%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore

The result of the auction of State Government Securities held on September 03, 2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2034 ANDHRA PRADESH 2037 ANDHRA PRADESH 2044 ANDHRA PRADESH 2047 Notified Amount 1000 1000 1000 1000 Tenure 10 13 20 23 Competitive Bids Received (i) No. 68 90 35 16 (ii) Amount 5385 5271.8 2830 2630 Cut off Yield (%) 7.23 7.25 7.25 7.25

Sr. No. State Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.23 10 1000 1000 7.25 13 1000 1000 7.25 20 1000 1000 7.25 23 2 Assam 1000 1000 7.25 20 3 Goa 150 150 7.25 11 4 Haryana 1000 1000 7.25 12 5 Kerala 753 753 7.24 16 6 Maharashtra 1500 1500 7.23 11 1500 1500 7.24 16 1500 1500 7.25 21 1500 1500 7.26 26 7 Meghalaya 150 150 7.25 10 8 Rajasthan 1000 1000 7.24 10 9 Tamil Nadu 1000 1000 7.06 05 1000 1000 7.19 08 10 Telangana 1500 1500 7.25 14 1000 1000 7.25 22 11 West Bengal 2000 2000 7.25 21 Total 20553 20553

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹29,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 7.02% GS 2027 May 27, 2027 6,000 F.No.4(3)-B(W&M)/2024 dated September 02, 2024 September 06, 2024 (Friday) September 09, 2024 (Monday) 2 7.23% GS 2039 Apr 15, 2039 12,000

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹20,553 Crore (Face Value). Sr. No. State Amount to be raised (₹Crore) Tenure (Year) Type of Auction 1. Andhra Pradesh 1000 10 Yield 1000 13 Yield 1000 20 Yield 1000 23 Yield 2. Assam 1000 20 Yield 3. Goa 150 11 Yield

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 8,000 September 04, 2024 (Wednesday) September 05, 2024 (Thursday) 2 182 Days 6,000 3 364 Days 6,000 Total 20,000

Auction Results 7.10% GS 2034 7.09% GS 2054 I. Notified Amount ₹20,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹20,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 376 285 (ii) Amount ₹63,819.000 crore ₹30,109.211 crore

7.10% GS 2034 7.09% GS 2054 I. Notified Amount ₹20,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 101.58/6.8711% 100.78/7.0266% III. Amount accepted in the auction ₹20,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auctions conducted on August 30, 2024, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: