Solution

Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. At present, the Government of India issues three types of treasury bills, namely, 91-day, 182-day and 364-day Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. In India, there are three types of treasury bills (T-bills) issued by the Reserve Bank of India (RBI): 91-day T-bills: These bills have a maturity period of 91 days and are issued at a discount to the face value. 182-day T-bills: These bills have a maturity period of 182 days and are also issued at a discount to the face value. 364-day T-bills: These bills have a maturity period of 364 days and are also issued at a discount to the face value.