These states are - Arunachal Pradesh (Rs400cr Gsecs), Nagaland (Rs350cr Gsecs), Rajasthan (Rs1000cr Gsecs) and Telangana (Rs1500cr GSecs).
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 19, 2021 (Monday). The Government Stock up to 10% of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions subject to a maximum limit of 1% of its notified amount for a single bid per stock as per the Scheme for Non-competitive Bidding Facility.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 19, 2021 (Monday). The non-competitive bids should be submitted between 10:30 A.M. and 11:00 A.M. and the competitive bids should be submitted between 10:30 A.M. and 11:30 A.M.
The yield per cent per annum expected by the bidder should be expressed up to two decimal points. An investor can submit more than one competitive bid at the same/different rates of yield or prices in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids submitted by a bidder should not exceed the notified amount for each State.
The State Government Stocks will bear interest at the rates determined by RBI at the auctions. For the new securities, interest will be paid half-yearly on October 20 and April 20 of each year till maturity. The Stocks will be governed by the provisions of the Government Securities Act, 2006 and Government Securities Regulations, 2007.