RBI Boosts Digital Security and Consumer Protection: Up to ₹25,000 Compensation for Fraud Victims
The Government of India has announced the auction of two dated securities worth Rs 25,000 crore, according to an official notification issued by the Reserve Bank of India (RBI). The auction will include a new Government Security (GS) maturing on July 14, 2032, valued at Rs 11,000 crore, and a re-issue of the 7.09% GS maturing on November 25, 2074, worth Rs 14,000 crore. Additionally, the government may retain up to Rs 2,000 crore in extra subscription for each security.
This auction is scheduled for Friday, July 11, 2025, and will be conducted through the e-Kuber system at RBI’s Mumbai office. Settlement of the auction is slated for Monday, July 14, 2025.
Dated securities are long-term government bonds that carry fixed maturity dates and interest rates, paying interest at regular (typically half-yearly) intervals. A re-issue refers to the fresh sale of an already issued bond, maintaining its original terms, to raise additional funds.
The auction will follow a multiple-price method, allowing both competitive and non-competitive bids. Non-competitive bids can be submitted between 10:30 a.m. and 11:00 a.m., while competitive bids are allowed from 10:30 a.m. to 11:30 a.m. The results will be announced the same day, and successful bidders must pay by the settlement date.
Primary Dealers may also bid for underwriting the Additional Competitive Underwriting (ACU) portion between 9:00 a.m. and 9:30 a.m. on the auction day. These securities are eligible for “When Issued” trading from July 8 to July 11, and will be issued in denominations of Rs 10,000 and multiples thereof.
Up to 5% of each security’s notified amount is reserved for eligible individuals and institutions under the non-competitive bidding facility, accessible via the Retail Direct portal. The RBI also allows physical bids in exceptional cases of technical failures. Investors may place multiple competitive bids, as long as the total does not exceed the notified amount.
These securities provide an opportunity for both institutional and retail investors to participate in government financing, with steady returns and regulatory oversight.
(From ANI)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
Spotify Outage: What We Know About The Music App Being Down Before Service Was Restored
Spotify Outage: Spotify faced a major global outage that left thousands of users unable to…
Assam Emerging As Major Contributor To Stronger India-US Ties: Himanta Sarma
Himanta Biswa Sarma met US Ambassador to India Sergio Gor and said Assam can play…
Trump Suggests Possible Relief On Russian Oil Curbs, Says Iran War End Could Lower Prices
Donald Trump suggested that Washington could consider more measures to tackle rising crude oil prices.
