Define Treasury Bills. Find out the maturity period, auction day and notified amount in the following type of Treasury Bills: (a) 91 days T Bill (b) 182 days T Bill (c) 364 days T Bill.

Definition of Treasury Bills Treasury Bills (T-Bills) are money market instruments issued by the Reserve Bank of India (RBI) on behalf of the Government of India to finance the short-term requirements of the Government. These are discounted securities and thus are issued at a discount to face value. The return to the investor is the difference between the maturity value and the issue price. Treasury bills are presently issued in three tenors: 91 days, 182 days, and 364 days. Maturity Period, Auction Day, and Notified Amount: 91 days T-Bill: Maturity Period: 91 days Auction Day: Every Friday of every week Notified Amount: ₹100 crores 182 days T-Bill: Maturity Period: 182 days Auction Day: Every alternate Wednesday (which is not a reporting week) Notified Amount: ₹100 crores 364 days T-Bill: Maturity Period: 364 days Auction Day: Every alternate Wednesday (which is a reporting week) Notified Amount: ₹500 crores