New Delhi, Oct. 28 -- Treasury bills are also known as T-bills. They are short-term government securities issued by the Reserve Bank of India (RBI). They are issued on behalf of the Government of India.

Furthermore, these bills are issued at a discount and redeemed at face value upon maturity. As they are backed by the Government of India, this makes them the safest and most liquid investment option in the country's money market.

There are several different kinds of Treasury bills according ot their tenures:

Every type has a predetermined or fixed tenure. Still, the issue price can vary based on liquidity, demand and the RBI's monetary policy. For complete details on the currently available bills for subscription, refer to the official...