RBI announces Third Tranche of Open Market Purchase of Government of India Securities and State Development Loans under G-sec Acquisition Programme (G-SAP 1.0)

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RBI announces Third Tranche of Open Market Purchase of Government of India Securities and State Development Loans under G-sec Acquisition Programme (G-SAP 1.0)

As announced in the Governor’s statement of June 04, 2021, the Reserve Bank will conduct the third tranche of open market purchase of government securities of ₹40,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on June 17, 2021. Of this, state development loans (SDLs) would be purchased up to ₹10,000 crore.

2. Accordingly, the Reserve Bank will purchase government securities and state development loans (SDLs) through a multi-security auction using the multiple price method. The details of the securities are given in Annex.

3. The Reserve Bank reserves the right to:

  • decide on the quantum of purchase of individual securities.

  • accept bids for less than the aggregate amount.

  • purchase marginally higher/lower than the aggregate amount due to rounding-off.

  • accept or reject any or all the bids either wholly or partially without assigning any reasons.

4. Eligible participants should submit their bids in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on June 17, 2021. Only in the event of system failure, physical bids would be accepted. Such physical bid should be submitted to Financial Markets Operations Department (email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 11:00 am.

5. The result of the auctions will be announced on the same day and successful participants should ensure availability of securities in their SGL account by 12 noon on June 18, 2021.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/347


1. Purchase of Government securities

The Reserve Bank will purchase the following government securities. There is no security-wise notified amount.

Sr. NoISINSecurityDate of Maturity
1IN00201600356.97% GS 202606-Sep-2026
2IN00201700266.79% GS 202715-May-2027
3IN00201701747.17% GS 202808-Jan-2028
4IN00201500697.59% GS 202920-Mar-2029
5IN00202002945.85% GS 203001-Dec-2030
6IN00202100206.64% GS 203516-Jun-2035

2. Purchase of State Development Loans

The Reserve Bank will purchase the following state development loans (SDLs). Aggregate amount of purchase would be up to ₹10,000 crore. There is no security-wise notified amount. Any shortfall in purchase of state development loans would be utilized towards purchase of government securities.

Sr. No.StateISINSecurityDate of Maturity
1ANDHRA PRADESHIN10201600827.42% ANDHRA SDL 203114-Sep-2031
2BIHARIN13201901937.17% BIHAR SDL 203029-Jan-2030
3GUJARATIN15201501128.26% GUJARAT SDL 203113-Jan-2031
4GUJARATIN15201901837.17% GUJARAT SDL 203008-Jan-2030
5HARYANAIN16202001226.59% HARYANA SDL 203011-Nov-2030
6KARNATAKAIN19201901487.16% KARNATAKA SDL 203008-Jan-2030
7KARNATAKAIN19201801568.22% KARNATAKA SDL 203130-Jan-2031
8MADHYA PRADESHIN21202002407.03% MADHYAPRADESH SDL 203117-Feb-2031
9MAHARASHTRAIN22201900108.15% MAHARASHTRA SDL 203016-Apr-2030
10MAHARASHTRAIN22202000336.54% MAHARASHTRA SDL 203027-May-2030
11PUNJABIN28201801488.45% PUNJAB SDL 203106-Mar-2031
12PUNJABIN28201800988.56% PUNJAB SDL 203029-Aug-2030
13RAJASTHANIN29202007967.15% RAJASTHAN SDL 203117-Mar-2031
14RAJASTHANIN29202006897.05% RAJASTHAN SDL 203117-Feb-2031
15TAMILNADUIN31202002226.33% TAMILNADU SDL 203022-Jul-2030
16TAMILNADUIN31202003396.53% TAMILNADU SDL 203106-Jan-2031
17UTTAR PRADESHIN33202003297.17% UTTARPRADESH SDL 203110-Mar-2031
18UTTAR PRADESHIN33202003377.16% UTTARPRADESH SDL 203117-Mar-2031
19WEST BENGALIN34201901987.10% WESTBENGAL SDL 203012-Feb-2030
20WEST BENGALIN34201901727.23% WESTBENGAL SDL 203015-Jan-2030

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