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The Department of Economic Affairs, Ministry of Finance hasannounced the Auction for Sale (Re-issue) of Government Securities together with the Method of Auction and Notified Amount for the same. Read the official announcement below: MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 18th December, 2020 Auction for Sale (Re-issue) of Government Securities (GS) F. No. 4(5)-B(WM)/2020. Government of India hereby notifies sale (Re-issue)
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FAQ :
The Ministry of Finance has announced an auction for the sale (re-issue) of Government Securities, along with the auction method and notified amounts.
The auction will be conducted by the Reserve Bank of India, Mumbai Office, on December 24, 2020.
Bids must be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on December 24, 2020.
The notified amount for the 5.15% GS 2025 security is Rs 11,000 crore.
Payment by successful bidders will be due on December 28, 2020.
This scheme allows certain investors, who do not have a current account or SGL account with the RBI, to participate in auctions on a non-competitive basis, with a maximum bid amount of Rs 2 crore per auction.
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