T-bill full results (Sept 30): bids were 1.4 to 2.6 times the amount sought
Bids for the three Treasury bills on Sept 30 ran from 1.4 to 2.6 times the amount sought. The 364-day bill saw the most demand.
Official title: Treasury Bills: Full Auction Result · Press Release 2026-2027/1218
What happened
This is the detailed result of the September 30, 2026 Treasury bill auction. Competitive bids, from banks and big investors, totalled ₹14,440 crore for the 91-day bill (₹9,000 crore sought), ₹11,532 crore for the 182-day (₹8,000 crore) and ₹18,010 crore for the 364-day (₹7,000 crore).
Cut-off yields were 5.5199%, 5.9601% and 6.1798%. The average winning yields were slightly lower: 5.4902%, 5.9373% and 6.1705%. Small investors who do not name a rate (non-competitive bidders) were given ₹950 crore, ₹900 crore and ₹750 crore in the three bills. Nearly all their requests were filled, at about 96% each.
What it means for you
Small investors had almost all their bids met, so buying through RBI Retail Direct is a workable route for savers. If you want to lend to the government yourself, individuals can bid in these auctions through the RBI Retail Direct portal.
What it means for businesses
Strong demand at these rates shows plenty of money looking for safe short-term places to park.
Read the original
Press release on rbi.org.in ↗ Official PDF ↗
This explainer simplifies the official text. If anything here differs from the RBI's release, the release is right.