STCI Primary Dealer Ltd.


Skip Navigation Links.

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

In its Sixth
In its Sixth Bi-monthly Monetary Policy Statement, RBI expectedly maintained ‘status quo’ on policy rates. Importantly, the neutral stance was also maintained factoring in inflation above the 4% mandate for FY19
GVA for
GVA for FY19 was projected higher at 7.2% on back of revival of investment activity, resolution of teething problems associated with GST implementation, recapitalization of PSU Banks and NPA resolution.
The Finance Minister announced deviation from the fiscal consolidation roadmap pegging fiscal deficit target at 3.5% for FY18 and 3.3% for FY19. Impetus for growth fundamentals has been provided by the Government’s mission to strengthen the rural economy and develop infrastructure.
India manufacturing PMI
India’s manufacturing PMI grew to 52.4 in January from 54.7 in December as output and new orders widened but at a slower rate.
India eight core
India’s eight core sector growth declined to 4.0% in Dec-17 compared to 7.4% in Nov-17 due to a sharp fall in steel production growth and contraction in crude oil output.