The Reserve Bank of India announced the auction of the 35 days & 34 days Government of India Cash Management Bills as per the following details:

The auctions will be conducted using "Multiple Price Auction" method. The competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) between 10.30 a.m. and 12.00 noon. Result of the auctions will be announced on the same day.

The Cash Management Bills will have the generic character of Treasury Bills and their sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W&M/97 dated March 31, 1998 issued by Government of India and as amended from time to time.

Alpana Killawala

Principal Chief General Manager

Cash Management Bills auction using a multiple-price method with electronic competitive bidding and same-day result announcement. Cash Management Bills of 35 and 34 days are being auctioned to meet temporary cash flow needs, with a combined notified amount and a single common maturity. The sale is governed by existing Treasury Bill terms and the governing general notification. Auctions will be conducted by Multiple Price Auction, with competitive bids submitted electronically via the central banking platform within the specified bidding window and results announced on the same day.