As a part of Axis Bank’s Money Market Services, we offer corporates and institutions the option of investing in Treasury bills (T-bills). Treasury bills are short-term securities issued by RBI on behalf of Government of India, for maturities of 91, 182 and 364 days. These Treasury bills are issued at a discount and are redeemable at par on maturity. They can be issued during the periodic auctions and are tradable in the secondary market. Institutions that can participate in the auction of treasury bills include commercial banks, primary dealers, mutual funds, corporates, institutions, provident and pension funds as well as insurance companies.
- T-bills are short-term securities issued by RBI on behalf of Govt. Of India, for maturities of 91, 182 and 364 days
- Commercial banks, primary dealers, Mutual Funds, Corporates, Institutions, Provident or Pension Funds and Insurance companies can participate
- Periodic auctions are held for their issue and these are tradable in the secondary market, which is quite active
- T-bills are issued at a discount to face value and are redeemable at par on maturity