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Best alternative to FD Read for complete understanding ✅Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by the Government of India and are presently issued in three tenors, namely, 91 day, 182 day and 364 day. ✅Treasury bills are zero coupon securities and pay no interest. Instead, they are issued at a discount and redeemed at the face value at maturity. ✅ For example, a 91 day Treasury bill of ₹100/- (face value) may be issued at say ₹ 98.20
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