New Delhi: The Government of India released the Treasury Bills auction calendar for the quarter ending September 2026, outlining a total borrowing programme of ₹3.36 lakh crore through weekly auctions conducted in consultation with the Reserve Bank of India.
The schedule covers 91-day, 182-day and 364-day Treasury Bills. The government will conduct auctions every week from July 1 to September 30. Each auction will raise ₹24,000 crore through the three categories of short-term securities.
Under the programme, the government will auction ₹1.26 lakh crore through 91-day Treasury Bills. It will also raise ₹1.12 lakh crore through 182-day Treasury Bills and ₹98,000 crore through 364-day Treasury Bills.
The first auction is scheduled for July 1, with securities to be issued on July 2. Similarly, the final auction of the quarter will take place on September 30, while issuance will occur on October 1.
Treasury Bills auction programme totals ₹3.36 lakh crore
The notified amount for every weekly auction remains unchanged throughout the quarter. The government will offer ₹9,000 crore in 91-day Treasury Bills, ₹8,000 crore in 182-day Treasury Bills and ₹7,000 crore in 364-day Treasury Bills at each auction.
However, the government retained flexibility to alter the size or timing of auctions if market conditions or funding requirements change. It said any revisions would be announced through separate press releases after giving advance notice to market participants.
In addition, the government noted that intervening holidays or other developments could lead to modifications in the calendar. Authorities said the auction process will continue to follow the terms and conditions specified in the General Notification dated March 26, 2025, as amended from time to time.
The Treasury Bills auction calendar provides investors and market participants with a clear roadmap of the government’s short-term borrowing programme for the July-September quarter.
