Treasury Bills (T-Bills)

On 12th May 2025, India extended financial support to the Maldives by renewing a USD 50 million Treasury Bill for another year through the State Bank of India (SBI).

What are Treasury Bills (T-Bills)?

T-Bills are money market instruments issued by the Government of India as a promissory note of guaranteed repayment in the future.

  • The main objective of issuing a treasury note is to obtain funds to cater to the short-term requirements of the government.
  • T-Bills are zero coupon securities, meaning they don’t pay interest.
  • These were first issued in India in 1917.

What are maturity period of treasury bills?

  • T-bills ....
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