Let \(\Gamma =(K_n,H)\) be a signed complete graph whose negative edges induce a subgraph H. Let \(A(\Gamma )\) be the adjacency matrix of the signed graph \(\Gamma \) . The largest eigenvalue of \(A(\Gamma )\) is called the index of \(\Gamma \) . In this paper, the index of all the signed complete graphs whose negative edges induce a bicyclic graph B is investigated. Specifically, the structure of the bicyclic graph B such that \(\Gamma =(K_n,B)\) has the maximum index is determined.