RBI Press Release

State Government Securities – Full Auction Result

The result of the auction of State Government Securities held on September 15, 2026, is as under:

(Amount in ₹ Crore)
  ARUNACHAL PRADESH SGS 2046 ASSAM SGS 2036* ASSAM SGS 2041* BIHAR SGS 2041
Notified Amount 600 600 700 1000
Tenor 20 -Years Re-issue of 7.66% ASSAM SGS 2036 issued on 17-JUN-2026 15 -Years Re-issue of 7.66% BIHAR SGS 2041 issued on 22-JUL-2026
Competitive Bids Received        
(i) No. 32 29 28 56
(ii) Amount 2270 960 800 1930
Cut-off Yield (%) 7.94 7.8460 – 7.9480
Cut off Price (₹) 100 98.73 – 97.50
Competitive Bids Accepted        
(i) No. 11 13 – 31
(ii) Amount 593.873 420 – 996.999
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 83.9788 – – 13.9997
(ii) No. 1 – – 1
Non – Competitive Bids Received        
(i) No. 3 8 7 2
(ii) Amount 6.127 25.055 30.522 3.001
Non-Competitive Price (₹) 100.09 98.87   97.67
Non-Competitive Bids Accepted        
(i) No. 3 8 – 2
(ii) Amount 6.127 25.055 – 3.001
Partial Allotment Percentage of
Non-Competitive Bids		        
Percentage        
Weighted Average Yield (%) 7.9310 7.8251 – 7.9279
Total Allotment Amount 600 445.055 0 1000

  BIHAR SGS 2044 CHHATTISGARH SGS 2038 CHHATTISGARH SGS 2047 DELHI SGS 2033
Notified Amount 1000 500 500 300
Tenor Re-issue of 7.71% BIHAR SGS 2044 issued on 22-JUL-2026 12 -Years 21 -Years Re-issue of 7.31% DELHI SGS 2033 issued on 22-JUL-2026
Competitive Bids Received        
(i) No. 60 33 18 27
(ii) Amount 1525 1750 725 1250
Cut-off Yield (%) 8.0166 7.88 7.99 7.6478
Cut off Price (₹) 97.10 100 100 98.21
Competitive Bids Accepted        
(i) No. 49 10 17 13
(ii) Amount 948.974 469.085 494.850 299.941
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 15.4211 30.2757 73.2833 59.9410
(ii) No. 1 4 1 1
Non – Competitive Bids Received        
(i) No. 6 7 3 2
(ii) Amount 51.026 30.915 5.150 0.059
Non-Competitive Price (₹) 97.49 100.07 100.30 98.34
Non-Competitive Bids Accepted        
(i) No. 6 7 3 2
(ii) Amount 51.026 30.915 5.150 0.059
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.9744 7.8713 7.9604 7.6229
Total Allotment Amount 1000 500 500 300

  DELHI SGS 2041 GOA SGS 2037 HARYANA SGS 2040 HARYANA SGS 2052
Notified Amount 300 100 1000 2000
Tenor Re-issue of 7.75% DELHI SGS 2041 issued on 24-JUN-2026 11 -Years 14 -Years 26 -Years
Competitive Bids Received        
(i) No. 31 13 39 34
(ii) Amount 920 400 2826.900 5435
Cut-off Yield (%) 7.9008 7.80 7.90 7.92
Cut off Price (₹) 98.68 100 100 100
Competitive Bids Accepted        
(i) No. 14 2 10 17
(ii) Amount 290.882 97.466 956.966 1974.945
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 31.9607 82.4660 76.1190 37.1271
(ii) No. 1 1 4 2
Non – Competitive Bids Received        
(i) No. 4 4 9 4
(ii) Amount 9.118 2.534 43.034 25.055
Non-Competitive Price (₹) 98.96 100.03 100.10 100.32
Non-Competitive Bids Accepted        
(i) No. 4 4 9 4
(ii) Amount 9.118 2.534 43.034 25.055
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.8682 7.7954 7.8879 7.8906
Total Allotment Amount 300 100 1000 2000

  KERALA SGS 2044 KERALA SGS 2051 MADHYA PRADESH SGS 2034 MADHYA PRADESH SGS 2038
Notified Amount 1000 1200 700 900
Tenor 18 -Years 25 -Years Re-issue of 7.39% MADHYAPRADESH SGS 2034 issued on 22-JUL-2026 Re-issue of 7.58% MADHYAPRADESH SGS 2038 issued on 22-JUL-2026
Competitive Bids Received        
(i) No. 30 18 48 38
(ii) Amount 1030 4165 3360 2565
Cut-off Yield (%) 8.07 7.91 7.7181 7.8695
Cut off Price (₹) 100 100 98.08 97.78
Competitive Bids Accepted        
(i) No. 30 11 10 8
(ii) Amount 962.997 1187.881 644.983 885.938
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 68.0938 98.7288 48.3277 88.9845
(ii) No. 3 3 1 1
Non – Competitive Bids Received        
(i) No. 5 3 4 4
(ii) Amount 37.003 12.119 55.017 14.062
Non-Competitive Price (₹) 100.47 100.09 98.15 97.92
Non-Competitive Bids Accepted        
(i) No. 5 3 4 4
(ii) Amount 37.003 12.119 55.017 14.062
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 8.0199 7.9015 7.7060 7.8508
Total Allotment Amount 1000 1200 700 900

  MADHYA PRADESH SGS 2048 MIZORAM SGS 2041 ODISHA SGS 2032 ODISHA SGS 2044
Notified Amount 900 100 1000 1000
Tenor Re-issue of 7.66% MADHYAPRADESH SGS 2048 issued on 19-AUG-2026 15 -Years Re-issue of 7.16% ODISHA SGS 2032 issued on 19-AUG-2026 Re-issue of 7.70% ODISHA SGS 2044 issued on 22-JUL-2026
Competitive Bids Received        
(i) No. 16 11 49 45
(ii) Amount 1570 350 3255 1900
Cut-off Yield (%) 7.9682 7.94 7.6094 7.9793
Cut off Price (₹) 96.82 100 97.88 97.35
Competitive Bids Accepted        
(i) No. 5 3 24 24
(ii) Amount 899.969 97.973 999.891 945.990
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 41.6615 43.9865 40.8144 35.5333
(ii) No. 1 2 5 2
Non – Competitive Bids Received        
(i) No. 2 4 2 6
(ii) Amount 0.031 2.027 0.109 54.010
Non-Competitive Price (₹) 97.58 100.04 97.96 97.75
Non-Competitive Bids Accepted        
(i) No. 2 4 2 6
(ii) Amount 0.031 2.027 0.109 54.010
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.8929 7.9359 7.5921 7.9362
Total Allotment Amount 900 100 1000 1000

  TAMILNADU SGS 2036 TAMILNADU SGS 2041 TAMILNADU SGS 2051 TELANGANA SGS 2039
Notified Amount 2000 2000 2000 1500
Tenor Re-issue of 7.49% TAMILNADU SGS 2036 issued on 05-AUG-2026 Re-issue of 7.62% TAMILNADU SGS 2041 issued on 05-AUG-2026 Re-issue of 7.70% TAMILNADU SGS 2051 issued on 05-AUG-2026 Re-issue of 7.53% TELANGANA SGS 2039 issued on 01-JUL-2026
Competitive Bids Received        
(i) No. 61 76 23 52
(ii) Amount 2680 3017 3825 2260.500
Cut-off Yield (%) 7.8341 7.9107 7.9192 7.9202
Cut off Price (₹) 97.65 97.47 97.62 96.88
Competitive Bids Accepted        
(i) No. 51 41 16 34
(ii) Amount 1967.939 1962.703 1959.932 1442.953
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 45.1756 66.7030 59.9728 72.2896
(ii) No. 1 2 1 3
Non – Competitive Bids Received        
(i) No. 7 6 4 8
(ii) Amount 32.061 37.297 40.068 57.047
Non-Competitive Price (₹) 97.89 97.75 97.83 97.07
Non-Competitive Bids Accepted        
(i) No. 7 6 4 8
(ii) Amount 32.061 37.297 40.068 57.047
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.7983 7.8779 7.8994 7.8958
Total Allotment Amount 2000 2000 2000 1500

  TELANGANA SGS 2044 TELANGANA SGS 2049 TELANGANA SGS 2055 UTTAR PRADESH SGS 2038
Notified Amount 2000 2000 2000 1000
Tenor Re-issue of 7.64% TELANGANA SGS 2044 issued on 01-JUL-2026 Re-issue of 7.65% TELANGANA SGS 2049 issued on 01-JUL-2026 Re-issue of 7.65% TELANGANA SGS 2055 issued on 01-JUL-2026 Re-issue of 7.74% UTTARPRADESH SGS 2038 issued on 10-JUN-2026
Competitive Bids Received        
(i) No. 70 25 24 66
(ii) Amount 2105 3270 4990 3295
Cut-off Yield (%) 8.0182 7.9575 7.8952 7.8790
Cut off Price (₹) 96.43 96.77 97.21 98.93
Competitive Bids Accepted        
(i) No. 67 18 14 24
(ii) Amount 1932.989 1969.991 1999.948 926.362
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 11.2431 28.4609 58.0561 74.2724
(ii) No. 2 1 1 1
Non – Competitive Bids Received        
(i) No. 7 4 2 10
(ii) Amount 67.011 30.009 0.052 73.638
Non-Competitive Price (₹) 96.86 96.96 97.38 99.14
Non-Competitive Bids Accepted        
(i) No. 7 4 2 10
(ii) Amount 67.011 30.009 0.052 73.638
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.9713 7.9389 7.8799 7.8511
Total Allotment Amount 2000 2000 2000 1000

  UTTAR PRADESH SGS 2046 UTTARAKHAND SGS 2044# UTTARAKHAND SGS 2048 WEST BENGAL SGS 2035
Notified Amount 1600 400 300 1500
Tenor Re-issue of 7.82% UTTARPRADESH SGS 2046 issued on 10-JUN-2026 Re-issue of 7.87% UTTARAKHAND SGS 2044 issued on 27-MAY-2026 Re-issue of 7.70% UTTARAKHAND SGS 2048 issued on 22-JUL-2026 Re-issue of 7.58% WESTBENGAL SGS 2035 issued on 22-JUL-2026
Competitive Bids Received        
(i) No. 55 23 2 43
(ii) Amount 3296 470 550 1810
Cut-off Yield (%) 7.9446 – 7.9453 7.9298
Cut off Price (₹) 98.75 – 97.46 97.79
Competitive Bids Accepted        
(i) No. 24 – 1 40
(ii) Amount 1528.347 – 299.996 1462.253
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 75.6694 – 99.9987 25.8024
(ii) No. 1 – 1 2
Non – Competitive Bids Received        
(i) No. 8 4 2 7
(ii) Amount 71.653 8.573 0.004 37.747
Non-Competitive Price (₹) 99.04 – 97.46 98.18
Non-Competitive Bids Accepted        
(i) No. 8 – 2 7
(ii) Amount 71.653 – 0.004 37.747
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.9150 – 7.9453 7.8669
Total Allotment Amount 1600 0 300 1500

  WEST BENGAL SGS 2047 Total
Notified Amount 2200 35900
Tenor Re-issue of 7.71% WESTBENGAL SGS 2047 issued on 22-JUL-2026  
Competitive Bids Received    
(i) No. 48 1223
(ii) Amount 4355 74910.400
Cut-off Yield (%) 7.9762 –
Cut off Price (₹) 97.30 –
Competitive Bids Accepted    
(i) No. 28 660
(ii) Amount 2166.991 33790.007
Partial Allotment Percentage of Competitive Bids    
(i) Percentage 63.9820 –
(ii) No. 1 –
Non – Competitive Bids Received    
(i) No. 5 163
(ii) Amount 33.009 894.143
Non-Competitive Price (₹) 97.54 –
Non-Competitive Bids Accepted    
(i) No. 5 152
(ii) Amount 33.009 855.048
Partial Allotment Percentage of Non-Competitive Bids    
Percentage   –
Weighted Average Yield (%) 7.9520 –
Total Allotment Amount 2200 34645.055
*Assam has accepted partial amount of ₹445.055 crore in Re-issue of 7.66% Assam SGS 2036, issued on June 17, 2026 and not accepted any amount in the 15-year security.
#Uttarakhand has not accepted any amount in Re-issue of 7.87% Uttarakhand SGS 2044, issued on May 27, 2026.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2026-2027/1117