Business EconomyPosted at: Nov 11 2026 12:24AM

New Delhi, Nov 10 (UNI) The Central Government will auction ₹34,000 crore worth of 6.94 per cent Government Securities (GS) 2036 on November 13 through a price-based, multiple-price auction, with an option to retain additional subscriptions of up to ₹2,000 crore.
According to a notification issued by the Ministry of Finance's Department of Economic Affairs , the security is being re-issued through the Reserve Bank of India (RBI), Mumbai office. Originally issued on May 11, 2026, the 10-year security will mature on May 11, 2036.
The auction will be conducted electronically through the RBI's E-Kuber platform. Non-competitive bids can be submitted between 10.30 am and 11 am, while competitive bids will be accepted between 10.30 am and 11.30 am on November 13.
The auction results will be announced on the same day, and successful bidders will have to make payments on November 16.
To encourage wider retail participation, up to five per cent of the notified auction amount will be reserved for eligible individuals and institutions under the non-competitive bidding facility.
Under the scheme, the minimum bid amount is ₹10,000, with subsequent bids in multiples of ₹10,000. Retail investors can place a single bid of up to ₹2 crore per security per auction.
Eligible investors can participate through authorised aggregators or facilitators or through an RBI Retail Direct Gilt Account, subject to prescribed conditions. The security carries an annual coupon rate of 6.94 per cent, with interest payable half-yearly on May 11 and November 11.
The principal will be repaid at par on the maturity date. The notification also provides that the government may retain additional subscriptions of up to ₹2,000 crore over and above the notified amount of ₹34,000 crore.
UNI KK RN