Q. What is the maximum maturity period for Cash Management Bills?
Answer: Less than 91 days
Notes: Cash Management Bills were introduced by the Government of India in 2010. They are short-term instruments with a maturity of less than 91 days. These bills are issued to meet temporary mismatches in government cash flows. They are offered at a discount and redeemed at face value. The Reserve Bank of India manages their issuance on behalf of the Government of India.