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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

Consumer Price Index (Combined)
• Consumer Price Index (Combined) inflation for October 2022 printed at 6.8%, as compared to 7.4% in the previous month.
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Headline WPI inflation for
• Headline WPI inflation for October 2022 printed at 8.4%, lower than 10.7% in September 2022.
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IIP growth for September
• IIP growth for September 2022 printed at 3.1%, higher than the revised reading of 0.7% in August 2022, on a year-on-year basis.
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In the fifth Monetary
In the fifth Monetary Policy for FY23, the MPC decided to hike the policy Repo rate by 50 basis points with a 5-1 vote count. Consequently, key policy rates stand as follows: Repo rate at 5.90%, Standing Deposit Facility rate at 5.65%, and Marginal Standing Facility and Bank rate at 6.15%.
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Real gross domestic
Real gross domestic product for Q1FY23 noted a growth of 13.5% on a year-on-year basis, aided by a pickup in activity across segments. Further, GDP contracted by 9.6% on a quarter- on-quarter basis and grew by 3.8% from Q1FY20 levels.
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