Treasury Bills (T-Bills): It is a short-term borrowing instrum | Current affairs Exam ESIC

Treasury Bills (T-Bills): It is a short-term borrowing instrument issued by the Government of India. RBI, issue it on behalf of Government of India.

It is also known as zero coupon bonds.
It has a maturity of less than one year.
It is issued at discount and repaid at par.
It is in the form of a promissory note.
It is highly liquid and has negligible risk.
It is available in denominations of ₹ 25000 and its multiples.