India's government issues treasury bills (91-, 182- and 364-day tenors) through auctions run by the Reserve Bank of India. They are short-term, low-risk investments. Here is the guide for Indian (and international) investors.
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How Indian T-Bills Work
Sold at a discount with full face value at maturity; the difference is your return. Auctions happen weekly; banks, institutions and (increasingly) retail investors participate.
How to Invest
- Through your bank's treasury/investment desk.
- Via RBI retail channels and apps where offered.
- Through brokers with access to the government-securities market.
Key Points
- Minimums are small for retail.
- Rates follow the RBI policy and liquidity.
- Low default risk (sovereign), but inflation and rate risk apply.
FAQ
Are Indian T-bills safe?
Very low default risk as sovereign paper; inflation and rates still matter.
Can non-residents (NRIs) invest in Indian T-bills?
Under certain NRE/NRO rules through banks — check current eligibility.
Related: Gambia T-Bills and Ghana T-Bills.