RBI to Auction Government Bonds Worth ₹25,000 Crore

The Reserve Bank of India (RBI) will hold an auction of two government bonds worth ₹25,000 crore on July 11, 2025. This auction will take place through RBI’s e-Kuber platform at its Mumbai office. These types of bonds are known as dated securities, and they help the government raise money for long-term needs.

Details of the Auction

According to the RBI, the auction will include,

• A new government bond (called Government Security or GS) worth ₹11,000 crore, maturing on July 14, 2032.
• A re-issue of an older bond—7.09% GS, maturing on November 25, 2074, worth ₹14,000 crore.

The government may also accept ₹2,000 crore more in extra subscriptions for each bond, depending on the demand. The settlement (payment and issue of bonds) will happen on July 14, 2025.

What Are Dated Securities?

A dated security is a kind of government bond with a fixed interest rate and a set maturity date. It pays interest every six months. These bonds are used by the government to borrow money for long-term needs.

A re-issued bond is an old bond that is sold again to raise more funds. It keeps the same interest rate and maturity date as the original.

Auction Method and Timings

The auction will be done using a multiple-price method. There are two kinds of bids,

• Non-competitive bids: Between 10:30 a.m. and 11:00 a.m.
• Competitive bids: Between 10:30 a.m. and 11:30 a.m.
• Results will be announced the same day, and successful bidders must make payments by July 14, 2025.

Special rules apply for Primary Dealers, who can submit bids for a part of the bonds between 9:00 a.m. and 9:30 a.m. on the auction day.

Who Can Participate and How

The minimum investment is ₹10,000, and more can be added in multiples of ₹10,000.

5% of the total amount is kept for small investors and institutions, who can take part through the Retail Direct portal.

These bonds will be open for “When Issued” trading from July 8 to July 11, 2025.

If any technical issues occur, physical bids will be accepted in special cases using prescribed forms.