Which type of security are Treasury Bills issued as in India?

Question

Treasury Bills are short-term debt instruments issued by the Government of India as zero-coupon securities. They are sold at a discount and redeemed at face value on maturity. No periodic interest is paid by the government. Major T-Bill tenures include 91-day, 182-day, and 364-day. Reserve Bank of India conducts auctions for T-Bills. The difference between discounted issue price and face value is the return to investors.

GKToday Admin · Accepted Answer

Zero-coupon securities Treasury Bills are short-term debt instruments issued by the Government of India as zero-coupon securities. They are sold at a discount and redeemed at face value on maturity. No periodic interest is paid by the government. Major T-Bill tenures include 91-day, 182-day, and 364-day. Reserve Bank of India conducts auctions for T-Bills. The difference between discounted issue price and face value is the return to investors.

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