Conversion/Switch of Government of India Securities

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹25,000 crore (face value). The security-wise details of the conversion/switch are given as under:

The market participants are required to place their bids in Reserve Bank of India Core Banking Solution (e-Kuber) giving the amount of the source security and the price of the source and destination security expressed in Indian Rupees up to two decimal places.

The auction will be a multiple-price based auction, i.e., successful bids will get accepted at their respective quoted prices for the source and destination securities.

Bids for the auction should be submitted in electronic format on the e-Kuber platform on November 16, 2026 (Monday) between 10:30 AM and 11:30 AM.