The Government of India will auction Treasury Bills worth ₹290 billion on January 21, 2026. The issuance includes 91-day, 182-day, and 364-day maturities. This auction is part of the government’s regular borrowing program to manage short-term liquidity and fiscal requirements, offering investors secure short-term investment opportunities.
The Reserve Bank of India (RBI), on behalf of the Government of India, has announced the auction of Treasury Bills totaling ₹290 billion scheduled for January 21, 2026. These short-term debt instruments are a key component of the government’s borrowing strategy, designed to meet fiscal needs while providing investors with low-risk investment options.
The auction will cover three maturities 91-day, 182-day, and 364-day T-Bills allowing investors to choose based on liquidity preferences and yield expectations. Market participants, including banks, mutual funds, and institutional investors, are expected to actively participate, given the secure nature of these instruments.
Key Highlights
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Total Auction Size: ₹290 billion.
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91-Day T-Bills: ₹90 billion.
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182-Day T-Bills: ₹120 billion.
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364-Day T-Bills: ₹80 billion.
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Auction Date: January 21, 2026.
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Purpose: Manage short-term government borrowing and liquidity.
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Investor Appeal: Safe, short-term investment backed by sovereign guarantee.
This auction underscores India’s continued reliance on Treasury Bills as a vital tool for fiscal management and liquidity control in the financial system.
Sources: Reserve Bank of India – Auction Notification (Jan 2026), Reuters Business Wire.