The Government has announced the sale of \u201c6.84 percent Government Stock, 2022\u201d for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) \u201c7.17 per cent Government Stock, 2028\u201d for a notified amount of Rs 8,000 crore (nominal) through price based auction. Subject to the limit of Rs \u200b11,000 crore, being total notified amount, Government of India will have the option to retain additional subscription up to Rs. 1,000 crore each against any one or more of the above securities. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India\u200b \u200b(RBI), Mumbai Office, Fort, Mumbai on February 02, 2018 (Friday). Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.\u00a0 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 February 02, 2018. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon. The result of the auctions will be announced on February 02, 2018 (Friday) and payment by successful bidders will be on February 05, 2018 (Monday). The Stocks will be eligible for \u201cWhen Issued\u201d trading in accordance with the guidelines on \u2018When Issued transactions in Central Government Securities\u2019 issued by the Reserve Bank of India.