6-month yield was also up at 5.90 percent from 5.89 and 3,658 million rupees were accepted.
The debt office which is part of the island's central bank offered 3-month short term bills for the auction at 5.80 percent and 4,029 million rupees were accepted.
It was decided to accept 10,891 million rupees from the auction.
The 12-month yield increased to 6.05 percent from 6.04 percent at the previous auction receiving 13,225 million rupees, data from the state debt office showed. The bank accepted 3,204 million rupees.