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Treasury Bill is a transferable instrument, where your ownership can be transferred at any time by you. This makes it the safest and most liquid investment opportunity available in the country. Since you can discount the Treasury Bill at any time, it is almost like having cash in your hand.
Treasury Bills are issued at a discount and the face value is paid at maturity with interest paid up front.You can buy Treasury Bills which are issued at three, six and twelve month maturity periods
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