List the features of treasury bills.

 List the features of treasury bills. 

Ans. Features of treasury bills are: 

Short-term loans of Government of India. 

Maturity period of less than one year. 

Issued through RBI at a discount to face value and redeemed at face value. 

Anybody can invest in it but minimum investment is Rs. 25,000. 

Is eligible for reverse repo transactions with the RBI. 

Important to develop this market for open market operations.