RBI-Retail Direct Scheme was launched by the Hon’ble Prime Minister on November 12, 2021. Under the Scheme, individual investors are permitted to open Retail Direct Gilt account with the Reserve Bank of India, using an online portal (https://rbiretaildirect.org.in), through which investments in Government Securities can be made in primary and secondary market. The scheme has brought Government Securities within easy reach of retail investors by simplifying the process of investment.

Government of India (GOI) has announced the sale (Issue/re-issue) of three dated securities for a notified amount of ₹30,000 crore as per the following details:

Sr No    Security    Date of Repayment    Notified Amount
(₹ crore)    GoI specific Notification    Auction Date    Settlement Date
1    New GS 2026    Oct 30, 2026    8,000    F.No.4(3)-B(W&M)/2023 dated October 23, 2023    October 27, 2023
(Friday)    October 30, 2023
(Monday)
2    7.18% GS 2037    July 24, 2037    10,000
3    7.25% GS 2063    June 12, 2063    12,000

Total    
30,000    

2. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above.

The result of the auction of State Government Securities held on October 23, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2036ANDHRA PRADESH 2042JAMMU AND KASHMIR UT 2053KARNATAKA 2033 Notified Amount100010003001000

Tenure13193010

Competitive Bids Received


 

(i) No.7223678

(ii) Amount4720317513005505

Cut-off Yield (%)7.727.667.607.69

Competitive Bids Accepted


 

(i) No.241121

(ii) Amount989.098999.965299.949982.176

Partial Allotment Percentage of Competitive Bids


 

(i) Percentage24.310899.996599.98333.8708

(ii) No.(11 bids)(1 bid)(1 bid)(7 bids)

Non-Competitive Bids Received


 

(i) No.3126

(ii) Amount10.9020.0350.05117.824

Non-Competitive Price (₹)100.14100.00100.00100.09

Sr. NoState / UTAmount to be raised
(₹ Crore)Amount Accepted
(₹ Crore)Cut off Price (₹) /
Yield (%)Tenure (Year)

1Andhra Pradesh100010007.7213

100010007.6619

2Jammu and Kashmir3003007.6030

3Karnataka100010007.6910

100010007.7011

4Madhya Pradesh100010007.6811

5Maharashtra2000200098.35/7.6997Reissue of 7.46% Maharashtra SGS 2033 issued on September 13, 2023

2000200098.24/7.7101Reissue of 7.47% Maharashtra SGS 2034 issued on September 13, 2023

6Manipur1001007.7312

7Rajasthan100010007.7110

8Tamil Nadu100010007.687

200020007.7210

200020007.6620

9Telangana5005007.7212

10Uttar Pradesh300030007.7010

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series IV - Issue date October 23, 2017) and F.No. 4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series II – Issue date October 23, 2018) 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 tranches shall be October 23, 2023.

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 7,000 October 25, 2023 (Wednesday)
October 26, 2023
(Thursday) 2 182 Days 8,000 3 364 Days 9,000
 Total 24,000
 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.F4(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

Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore II.Underwriting Notified Amount₹7000 Crore₹13000 Crore₹10000 Crore III.Competitive Bids Received

 

(i) Number112187187

(ii) Amount₹15430 Crore₹28368.375 Crore₹23353.760 Crore

IV.Cut-off price / Yield98.7698.8096.78

(YTM: 7.3886%)(YTM: 7.3514%)(YTM: 7.5726%)

V.Competitive Bids Accepted

 

(i) Number3883107

(ii) Amount₹6989.317 Crore₹12964.062 Crore₹9980.364 Crore

VI.Partial Allotment Percentage of Competitive Bids78.58%67.10%64.81%

(2 Bids)(11 Bids)(2 Bids)

VII.Weighted Average Price/Yield98.7698.8097.02

(WAY: 7.3886%)(WAY: 7.3514%)(WAY: 7.5517%)

VIII.Non-Competitive Bids Received

 

(i) Number453

(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore

IX.Non-Competitive Bids Accepted

 

(i) Number453

(ii) Amount₹10.683 Crore₹35.938 Crore₹19.636 Crore

(iii) Partial Allotment Percentage---

X.Amount of Underwriting accepted from primary dealers₹7000 Crore₹13000 Crore₹10000 Crore

XI.Devolvement on Primary DealersNILNILNIL

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1057

New GS 20287.18% GS 20337.30% GS 2053I.Notified Amount₹7,000 crore₹13,000 crore₹10,000 crore II.Cut off Price / Implicit Yield at cut off 7.37%98.71/7.3648%96.96/7.5571% III.Amount accepted in the auction₹7,000 crore₹13,000 crore₹10,000 crore

IV.Devolvement on Primary DealersNILNILNIL

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1152

In the underwriting auctions conducted on October 20, 2023 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:

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on October 20, 2023.

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)

SecurityNotified AmountMinimum Underwriting Commitment (MUC) amount per PDMinimum bidding commitment per PD under ACU auction

New GS 20287,000167167

7.18% GS 203313,000310310

7.30% GS 205310,000239239