A Treasury Bill (T-Bill) is a short-term security issued by the central government. On Rupeezy, T-Bills come in three tenures — 91-day, 182-day and 364-day — and you can invest in them from Dock → Bids → G-Sec.
How does a T-Bill earn me a return?
A T-Bill does not pay periodic interest. Instead, it is issued at a discount to its face value (₹100) and redeemed at the full face value on maturity. The difference between what you pay and the ₹100 you receive at maturity is your return.
For example, if you buy a T-Bill below ₹100 and hold it to maturity, you receive ₹100 per unit at the end of the tenure — the gap is your earning.
How long is my money invested?
Only for the tenure of the T-Bill — 91, 182 or 364 days. Because the tenures are short, T-Bills are often used for short-term, low-risk parking of funds.
How do I receive the maturity amount?
When your T-Bill matures, it happens automatically — the units are debited from your demat account and the face value is credited to the bank account linked to your demat, usually within about 15 working days. You do not need to sell it. Since a T-Bill pays no interim interest, this single credit is your full return (the face value minus the discounted price you paid).
How is a T-Bill different from a dated G-Sec?
A T-Bill is short-term and pays no coupon (you earn from the discount). A dated G-Sec is long-term and pays a fixed interest (coupon) periodically. See What are dated G-Secs and State Development Loans (SDLs)?.