Conversion/Switch of Government of India Securities
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Official press release — a government communication announcing decisions, milestones, or initiatives. Signals intent and often precedes formal notification or legislative action.
Summary
Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities September 21, 2026 (Monday) 8.26% GS 2027 (Maturing on Aug 02, 2027) 2,000 7.19% GS 2060 (Maturing on Sep 15, 2060) 7.06% GS 2028 (Maturing on Apr 10, 2028) 4,000 6.79% GS 2
Key Facts
TypePress release
SourceReserve Bank of India
PublishedWednesday, 16 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
1 change recorded for this policy.
DescriptionThursday, 17 September 2026via rbi
Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities September 21, 2026 (Monday) 8.26% GS 2027 (Maturing on Aug 02, 2027) 2,000 7.19% GS 2060 (Maturing on Sep 15, 2060) 7.06% GS 2028 (Maturing on Apr 10, 2028) 4,000 6.79% GS 2
Security 7.59% GS 2029 6.79% GS 2029 7.61% GS 2030 5.77% GS 2030 6.68% GS 2031 8.28% GS 2032 Total amount notified Aggregate amount of ₹50,000 crore (No security-wise notified amount) Total amount (Face Value) accepted by RBI (₹ in crore) 7,005 7,255 1,005 12,645 3,250 18,840 Cut off yield (%) 6.6007 6.7023 6.8191 6.8589 6.9080 7.0090 Cut off price (₹) 102.25 100.24 102.50 96.34 99.05 105.63 Detailed results will be issued shortly. Ajit Prasad
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