SDL Auction On May 20, Non-Competitive Bidding Open For Retail Investors

Mumbai: The Reserve Bank of India (RBI) has announced an auction for State Development Loans (SDLs) on May 20, 2025. This is for various state governments to raise funds.

Non-Competitive Bidding Facility

Retail investors can take part in this auction using the non-competitive bidding (NCB) process. This system lets small investors invest in government securities without competing on price.

Key Dates and Timings

Bid Start Date: May 19, 2025, from 10:00 AM

Bid End (Retail Investors): May 19, 2025

Bid End (Members): May 20, 2025, till 8:00 AM

Auction Date: May 20, 2025

Settlement Date: May 21, 2025

How to Bid

Bidding can be done on the BSE iBBS platform via the NCB-GSec module:

https://ibbs.bseindia.com

Securities Available

A total of 15 SDLs are available including new and re-issued bonds from states like Assam, Gujarat, Rajasthan, Tamil Nadu, Kerala, Uttar Pradesh, and more.

Minimum bid is Rs 10,000, and max amount ranges from Rs 1 crore to Rs 30 crore based on security.

Need Help?

Contact Trading Operations or ICCL Operations at BSE for login, bidding, or settlement issues.