The Reserve Bank of India will conduct auctions of 28 days and 56 days Government of India Cash Management Bills under the Market Stabilisation Scheme (MSS) for a notified amount of ₹ 50,000 crore each on January 09, 2017 using "Multiple Price Auction" method. The bids for the auctions should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 2.30 pm and 3 pm on Monday, January 09, 2017. Results will be announced on the same day. Payment by successful bidders will be on T+0 i.e. on Monday, January 09, 2017.

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. F.No 4 (8)-W & M/2015 dated May 26, 2016 issued by Government of India and as amended from time to time. The Non-Competitive Bidding Scheme is not extended to Cash Management Bills.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/1810