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What are Treasury Bills?

Treasury Bills

About Treasury Bills

What are Treasury Bills?

When the government goes to the financial market to raise money, it does so by issuing two types of debt instruments — treasury bills and government bonds. Treasury bills are issued when the government needs money for a short period. These bills are issued only by the central government, and the interest on them is determined by market forces.
 
What are maturity period of treasury bills?
 
Treasury bills, or T-bills, have a maximum maturity period of 364 days. So, they are categorised as money market instruments (money market deals with funds with a maturity of less than one year). At present, treasury
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Latest Updates on Treasury Bills

Banking system liquidity surplus shrinks to ₹542 cr amid tax outflows

Banking system liquidity surplus narrowed to Rs 542 crore as tax outflows tightened cash availability, pushing the weighted average call rate closer to the RBI's MSF rate.

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Updated On : 22 Oct 2026 | 10:13 PM IST

RBI rejects all bids at govt's T-bill auction as short-term yields surge

The yield on the benchmark 10-year government bond settled at 7.44 per cent, its highest level since November 4, 2022, against the previous close of 7.39 per cent

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Updated On : 21 Oct 2026 | 11:33 PM IST

Treasury gains shrink for banks in Q2 as rising yields hit trading books

Treasury income fell at several major banks in Q2FY27 as bond yields climbed, weighing on other income and profits despite growth in net interest income across lenders.

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Updated On : 19 Oct 2026 | 11:09 PM IST

Bank credit rises 19.4% in September; RBI rate hike may slow growth in H2

Bank credit rose 19.38% to ₹230 trillion in September, while deposits grew 17.83% to ₹283.95 trillion; CareEdge expects higher borrowing costs to moderate lending growth.

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Updated On : 15 Oct 2026 | 9:49 PM IST

Govt plans to borrow ₹3.36 trillion through Treasury Bills in Q2FY27

The Centre will raise Rs 3.36 trillion through 91-day, 182-day and 364-day Treasury Bills in the July-September quarter, with 14 weekly auctions scheduled by the RBI

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Updated On : 25 Jun 2026 | 10:25 PM IST

RBI rejects Treasury bills bids at weekly auction amid tepid demand

Rupee depreciated for second consecutive trading session post US President Trump's tariff proposes

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Updated On : 03 Jun 2026 | 11:23 PM IST

RBI rejects all treasury bill bids as investors seek higher returns

The central bank did not accept any investor bids for 91-day, 182-day and 364-day T-bills. The RBI announced the auction of short-term government securities on February 21

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Updated On : 25 Mar 2026 | 8:33 PM IST

Treasury bills: Use SIP to smooth rate volatility, invest steadily

Investors with regular income, short-term goals, and a strong need for capital preservation may go for T-Bills

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Updated On : 08 Aug 2025 | 10:33 PM IST

T-bill yields fall below overnight rate amid RBI rate cut expectation

"This is because the system liquidity surplus is almost Rs 3 trillion and there are expectations of a deeper rate cut," said Anshul Chandak, Head of Treasury at RBL Bank

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Updated On : 05 Jun 2025 | 10:28 PM IST

IndusInd Bank's deputy CEO Arun Khurana resigns amid accounting blunder

Based on the findings of an external agency's probe, IndusInd has estimated an impact of 2.27% on its net worth as of December 2024

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Updated On : 28 Apr 2025 | 9:44 PM IST

UK, UAE, US withdraw nearly $1 billion from Pakistan's treasury bills

The United Kingdom, traditionally Pakistan's largest T-bill investor, had invested $710 million during FY25 but withdrew $625 million

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Updated On : 07 Apr 2025 | 6:36 PM IST

3-month T-bill cutoff set higher than 1-year, inverses yield curve

The cutoff yield on 3-month T-bill was set 1 bps higher due to tepid demand from mutual funds, said dealers

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Updated On : 26 Mar 2025 | 11:50 PM IST

RBI likely to cancel next week's T-bill auction given large cash balance

Net liquidity in the banking system was in a deficit of ₹2.32 trillion as of Thursday, and has been in deficit mode for the past fourteen consecutive weeks

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Updated On : 21 Mar 2025 | 2:10 PM IST

Govt plans to borrow Rs 3.9 trillion via treasury bills in Q4FY25

Market participants said that the gross borrowing amount was higher than expected

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Updated On : 27 Dec 2024 | 11:23 PM IST

China plans record $411 billion special treasury bond issuance next year

The proceeds will be targeted at boosting consumption via subsidy programmes, equipment upgrades by businesses and funding investments in innovation-driven advanced sectors

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Updated On : 24 Dec 2024 | 12:11 PM IST

South Korea opposition party plans to pass government budget bill today

The opposition-controlled parliament last month cut 4.1 trillion won from the government's proposed 677.4 trillion won ($473 billion) budget

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Updated On : 10 Dec 2024 | 9:56 AM IST

UK Treasury chief unhappy with weak third-quarter economic growth

On coming to power in July for the first time in 14 years, the government described its economic inheritance from the former Conservative administration as the bleakest in decades, requiring

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Updated On : 15 Nov 2024 | 4:21 PM IST

Will continue cooperation for capacity building of Maldives forces: PM

Following the talks, India today granted Maldives a USD100 million Treasury bills roll over, in addition to both sides inking a USD 400 million and Rs 3,000 crore currency swap agreement

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Updated On : 07 Oct 2024 | 4:39 PM IST

Indian bond yields may partly reverse fall as US peers move higher

US bond yields rose, as traders booked profits after a recent fall, and as yields witnessed a floor. However, the possibility that the Fed could do another outsized rate cut remain intact

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Updated On : 26 Sep 2024 | 10:24 AM IST

Centre's H2 borrowing likely to stay in line with budgeted amount

May borrow around Rs 6.3 trillion during the period

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Updated On : 23 Sep 2024 | 11:06 PM IST