Auction of State Government Securities

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( 215 kb ) Date : Jul 31, 2026 Auction of State Government Securities

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹26,850 Crore (Face Value).

Sr. No.

State/UT

Amount to be raised (₹ Crore)

Tenor (Year)

Type of Auction

Assam

1000

Re-issue of 7.56% Assam SGS 2036, issued on July 22, 2026

Price

Bihar

800

Re-issue of 7.42% Bihar SGS 2035, issued on July 08, 2026

Price

1200

Re-issue of 7.92% Bihar SGS 2051, issued on April 15, 2026

Price

Chhattisgarh

500

Re-issue of 7.40% Chhattisgarh SGS 2035, issued on July 08, 2026

Price

500

Re-issue of 7.64% Chhattisgarh SGS 2042, issued on July 08, 2026

Price

Gujarat

1000

Re-issue of 7.38% Gujarat SGS 2035, issued on July 15, 2026

Price

1500

Re-issue of 7.51% Gujarat SGS 2038, issued on July 15, 2026

Price

Himachal Pradesh

400

Re-issue of 7.78% Himachal Pradesh SGS 2044, issued on June 24, 2026

Price

300

Re-issue of 7.77% Himachal Pradesh SGS 2049, issued on June 24, 2026

Price

Jammu and Kashmir

500

Re-issue of 7.91% Jammu and Kashmir SGS 2046, issued on June 03, 2026

Price

500

Re-issue of 7.81% Jammu and Kashmir SGS 2051, issued on June 10, 2026

Price

Jharkhand

1000

Re-issue of 7.30% Jharkhand SGS 2033, issued on July 08, 2026

Price

Kerala

800

Re-issue of 7.30% Kerala SGS 2033, issued on July 08, 2026

Price

1000

Re-issue of 7.56% Kerala SGS 2039, issued on July 08, 2026

Price

Madhya Pradesh

1600

Re-issue of 7.61% Madhya Pradesh SGS 2044, issued on July 08, 2026

Price

2000

Re-issue of 7.90% Madhya Pradesh SGS 2056, issued on April 15, 2026

Price

Manipur

250

Re-issue of 7.64% Manipur SGS 2040, issued on July 08, 2026

Price

Odisha

1000

04

Yield

1000

14

Yield

Sikkim

200

Re-issue of 7.58% Sikkim SGS 2039, issued on July 08, 2026

Price

Tamil Nadu

1000

10

Yield

1000

15

Yield

500

25

Yield

Telangana

500

Re-issue of 7.53% Telangana SGS 2039, issued on July 01, 2026

Price

500

Re-issue of 7.64% Telangana SGS 2044, issued on July 01, 2026

Price

500

Re-issue of 7.65% Telangana SGS 2049, issued on July 01, 2026

Price

1000

Re-issue of 7.65% Telangana SGS 2055, issued on July 01, 2026

Price

Uttar Pradesh

1000

Re-issue of 7.14% Uttar Pradesh SGS 2032, issued on July 08, 2026

Price

1000

Re-issue of 7.59% Uttar Pradesh SGS 2042, issued on July 08, 2026

Price

1000

Re-issue of 7.79% Uttar Pradesh SGS 2051, issued on March 25, 2026

Price

Uttarakhand

300

12

Yield

West Bengal

500

Re-issue of 7.07% West Bengal SGS 2031, issued on July 08, 2026

Price

500

Re-issue of 7.64% West Bengal SGS 2044, issued on July 08, 2026

Price

500

Re-issue of 7.65% West Bengal SGS 2052, issued on July 08, 2026

Price

Total

26850

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on August 04, 2026 (Tuesday) . The Government Stock up to ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions, subject to a maximum limit of one per cent of its notified amount for a single bid per stock as per the ‘ Scheme for Non-competitive Bidding Facility ’. Individual investors can also place bids as per the non-competitive scheme through the Retail Direct portal ( https://rbiretaildirect.org.in ).

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on August 04, 2026 (Tuesday). The competitive bids should be submitted between 10:30 A.M. and 11:30 A.M. and non-competitive bids should be submitted between 10:30 A.M. and 11:00 A.M.

In case of technical difficulties, Core Banking Operations Team may be contacted ( email ; Phone no: 022-69870466, 022-69870415).

For other auction related difficulties, IDMD Auction Team can be contacted ( email ; Phone no: 022-22702431, 022-22705125).

Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office ( email ; Phone no: 022-22603456, 022-22603457, 022-22603190) in the prescribed form obtainable from RBI website ( https://www.rbi.org.in/Scripts/BS_ViewForms.aspx ) before the auction timing ends.

The yield per cent per annum or the price as the case may be, expected by the bidder should be expressed up to two decimal points. An investor can submit more than one competitive bid at same/different rates of yield or prices in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids submitted by a bidder should not exceed the notified amount for each State.

The Reserve Bank of India will determine the maximum yield / minimum price at which bids will be accepted. Stock will be issued for a minimum nominal amount of ₹10,000.00 and in multiples of ₹10,000.00 thereafter.

The results of the auction will be announced on August 04, 2026 (Tuesday) and payment by successful bidders will be made during banking hours on August 05, 2026 (Wednesday) at Mumbai and at respective Regional Offices of RBI.

The new State Government Stocks will bear interest at the rates determined by RBI at the auctions. For the new stock , interest will be paid half yearly on February 05 and August 05 of each year till maturity. For the re-issued Government Stock, interest will be paid at the rate as determined on the date of original issue of Government Stock and will be paid on half yearly basis till maturity. The Stocks will be governed by the provisions of the Government Securities Act, 2006 and the Government Securities Regulations, 2007.

The investment in State Government Stocks will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility.

Ajit Prasad Deputy General Manager (Communications)

Press Release: 2026-2027/795

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