<h1>Government securities auction: price-based re-issue using multiple-price method with provision for non-competitive bids and electronic submission.</h1> Sale by re-issue of government stocks is conducted through price-based auctions using the multiple price method on the RBI E-Kuber system; competitive and non-competitive bids must be submitted within prescribed electronic windows. Up to five percent of the notified amount is allotted under the Non-Competitive Bidding Facility to eligible individuals and institutions. Auction results are announced same day and successful bidders settle on the scheduled payment date. The stocks are eligible for When Issued trading under RBI guidelines.