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Date : Dec 04, 2018
RBI announces auction of a 12-Day Government of India Cash Management Bill

The Reserve Bank of India announces the auction of a 12-Day Government of India Cash Management Bill as per the following details.

Auction Date Settlement Date Maturity date Notified Amount
December 05, 2018 December 05, 2018 (T+0 basis) December 17, 2018 ₹ 30,000 crores

The auction 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 02.30 p.m. and 03.30 p.m. The result of the auction will be announced on the same day.

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.No.4(2)-W&M/2018 dated March 27, 2018 issued by the Government of India, as amended from time to time.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1287


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