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Answer Posted / awdesh kumar jha
Treasury bills are short term, Rupee denominated
obligations issued by the Reserve Bank of India on behalf
of the government of india. These instruments have
sovereign rating and are issued with a minimum denomination
of Rs 25000 and in its multiple. These are issued for 364
days.
Some features of the treasury bills:
(i) minimum bid for rs 25000
(ii) instrument are paid at par at the time of maturity.
(iii)highly paid
(iv) yield calculator as 100-price *365*100/price*days to
maturity
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