When you give us the responsibility of handling your depositories we bid for you in RBI auctions, settle your purchase or sale transactions, convert your securities from physical to dematerialised mode. The Reserve Bank of India auctions 14 day and 91 day Treasury Bills every week and 182 day and 364 day Treasury Bills every alternate week.
The main features of Treasury Bills are:
Sovereign zero risk instruments
Treasury Bills (T-Bills) have maturity of 14,91, 182 and 364 days
Available in primary and secondary market
Issued at a discount to face value i.e., investors will buy the T-bill at discount to face value of Rs.100 and on maturity the face value of Rs.100 is received by the investor.
No Tax Deduction at Source (TDS)
Convenience of CSGL a/c as in case of Central Govt. securities such as automatic credit of redemption money
Highly liquid
Attractive returns
For more details, write into us at fig@hdfcbank.com, and we will get back to you.
