Treasury Bills (T-Bills) are short-term government securities issued by the Government of India at a discount and redeemed at their face value on maturity. They are considered low-risk investments because they are backed by the government and are commonly used for short-term cash management and liquidity management. T-Bills typically have maturities of 91, 182, or 364 days and may also form part of the portfolio of certain debt mutual funds, depending on their investment strategy and mandate.
