- Treasury bills are money market instruments issued by Government of India.
- Treasury bills are issued to meet short term fund requirements of the government as the maturity tenure of T- bills is usually 91 days ,182 days or 364 days.
- T - Bills are issued in form of promissory note whereby the government promises to pay the amount on a future date or maturity date.
- T - bills do not pay any interest.T -bills are issued a discount and are redeemed at par.
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