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Treasury Bills

 
Treasury Bills are money market instruments offered to finance short term debt obligation of the Government of India. These short term instruments aid in pluging in the short term liquidity mismatches of the Central Government. In simple words, it acts as the working capital of the Central Government.
 
Treasury Bills, or T-Bills as they are colloquially called, are generally issued for a tenor of 91 Days, 182 Days and 364 Days. These are discounted instruments i.e. they are issued at a discount to par value. On maturity, they are redeemed at par value, with the difference between the discounted rate (at the time issuance) and maturity value being the return earned on such investments. The minimum amount in which they can be traded is Rs 25,000.
 
Just as in case of Dated G-Secs and SDLs, non competitive bidding is allowed in T-Bills. However, participation in the same is restricted only to State Governments, eligible Provident Funds, select foreign central banks and is not available to the co-operative banks for proprietary bids. Also, in case of T-Bills, the amount accepted for non-competitive bids is over and above the notified amount and no limit has been placed on the maximum amount that can be bid under this facility.
 
The trading and settlement mechanism for T-Bills transactions is similar to those for Dated G-Secs and SDLs. Moreover, it qualifies as an SLR investment and can also be used as collateral in repo transactions.
 
Clients interested buying/selling T-Bills may contact our Sales Personnel on 022-66202224/25/28. We endeavor to provide the best possible returns to our clients, keeping in line with their overall investment objectives.
 

Latest News


Real gross domestic product for Q3FY21 noted a year on year growth of 0.4%, showing signs of improvement over the previous quarter’s contraction of -7.3%.
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In April 2021
In April 2021 Monetary Policy meeting, the MPC unanimously decided to maintain status quo on policy rates. The key policy rates stand unchanged: Repo rate at 4.00%, Reverse Repo rate at 3.35%, Marginal Standing Facility and Bank rate at 4.25%.
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Consumer Price
The Consumer Price Index (Combined) inflation for March 2021 printed at 5.52% as compared to a reading of 5.03% in the previous month. Average CPI inflation for FY21 stood at 6.18% as compared to 4.76% in FY20.
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WPI Infation
Headline WPI inflation for March 2021 printed at 7.39%, substantially higher than 4.17% recorded in February 2021, largely due to inflationary pressures emanating from manufactured products and fuel index.
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IIP growth for February 2021
IIP growth for February 2021 printed lower at -3.6% as against the revised estimate of -0.8% recorded in January 2021, on a year on year basis.
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