T-Bill
A T Bill is a kind of finance bill which in the nature of promissory notes, issued by the government under discount for a fixed period not exceeding one year and containing a promise to pay the amount stated therein to the bearer of the instrument.
Treasury bills or T-bills, are presently issued in three tenures, namely,
- 91 day
- 182 day
- 364 day
Process of T-bill buying from primary market
- Bidding can be done on only once a week i.e. Tuesday before 2 p.m. , free cash fund should be available in client account.
- If cash is not available in the account, request will be treated as null and void.
- Client can’t request for T-bill not more than 90% of the amount available.
- Delivery of T-bill will be credited directly to client’s Demat account on Thursday end of the day..
- Haircut on T-bill will be charged as per exchange.
- Client can pledge the same on Friday.
Notification of T-bill
RBI generates notification of T-bill one week before of release on rbi.org.in press release link has been mentioned here (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx ).
Notification Name :- 91 days, 182 days and 364 days Treasury Bills auction
Yield and Result of T- bill – 91 days, 182 days and 364 days T-Bill Auction Result: Cut off
Mail id – [email protected] , [email protected]