Q.
Treasury bills are sold in India by .............??
Asked by Shubham,
24 Dec '10 03:45 pm
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Answers (3)
1.
RBI
Pl read thru
Treasury Bills are the instruments of short term borrowing by the Central/State govt. They are promissory notes issued at discount and for a fixed period. These were first issued in India in 1917.
Objectives
These are issued to raise funds for meeting expenditure needs and also provide outlet for parking temporary surplus funds by investors.
Investors
Treasury bills can be purchased by any one (including individuals) except State govt. These are issued by RBI and sold through fortnightly or monthly auctions at varying discount rate depending upon the bids.
Denomination
Minimum amount of face value Rs.1 lac and in multiples there of. There is no specific amount/limit on the extent to which these can be issued or purchased.
Maturity : 91 days and 364 days. ...more
Answered by SriniVenkat, 24 Dec '10 03:47 pm
Pl read thru
Treasury Bills are the instruments of short term borrowing by the Central/State govt. They are promissory notes issued at discount and for a fixed period. These were first issued in India in 1917.
Objectives
These are issued to raise funds for meeting expenditure needs and also provide outlet for parking temporary surplus funds by investors.
Investors
Treasury bills can be purchased by any one (including individuals) except State govt. These are issued by RBI and sold through fortnightly or monthly auctions at varying discount rate depending upon the bids.
Denomination
Minimum amount of face value Rs.1 lac and in multiples there of. There is no specific amount/limit on the extent to which these can be issued or purchased.
Maturity : 91 days and 364 days. ...more
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