The Ministry of Finance has notified the auction calendar for Government of India Treasury Bills for the quarter ending March 2026, in consultation with the Reserve Bank of India (RBI).
As per the calendar, Treasury Bills of 91 days, 182 days, and 364 days maturity will be auctioned between January and March 2026, with a total notified amount of ₹3.84 lakh crore. This includes ₹1.44 lakh crore each for 91-day and 182-day Treasury Bills, and ₹96,000 crore for 364-day Treasury Bills.
Weekly auctions will commence from January 7, 2026, and continue until March 25, 2026. The notified weekly auction size ranges from ₹29,000 crore in early January to ₹35,000 crore towards the end of March, reflecting the government’s evolving short-term borrowing requirements.
The government has clarified that it retains the flexibility to modify the timing or amount of Treasury Bill auctions, subject to market conditions, funding needs, or unforeseen circumstances such as intervening holidays. Any such changes will be communicated through official press releases.
All auctions will be conducted in accordance with the general notification dated March 26, 2025, issued by the Government of India, as amended from time to time.
Treasury Bills are short-term government securities and form a key instrument for managing the Centre’s cash flow while providing a safe investment avenue for market participants.
