Bids for the auction should be submitted in electronic format on the e-Kuber platform on August 17, 2026 (Monday) between 10:30 AM and 11:30 AM.
GK and monthly revision
Conversion/Switch of Government of India Securities
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:
Source: Reserve Bank of India (official). The summary and key points are quoted from that release; no AI is used. Check the source for the full text.
Revision structure
Monthly events and exam calendar context
Static GK and one-liner notes
Quiz and mock-test revision path
Key points
Exam-ready takeaways
The result of the auction will be announced on the same day and settlement will take place on August 18, 2026 (Tuesday).
Minimum bid size would be ₹10,000 and in multiples of ₹10,000 thereafter.
The amount of destination security (FV) would be rounded-off to the nearest lower value in multiples of ₹10,000.
The odd amount of destination securities (less than ₹10,000) which has been rounded-off, would be notionally allotted and bought back from the bidders at the quoted bid price of the destination security.
How to study
Turn news into exam marks
Revise monthly events by exam family instead of reading random updates.
Pair one-liners with mock tests so mistakes become the next revision list.
Note which exams each story matters for, and revise it again in the week before that exam.