Information about SBI DFHI Ltd

Hello sir I am Suraj, can you provide me the information about the treasury bills services offered by SBI DFHI Ltd?????

[Shaleen]

SBI DFHI LTD is a State Bank of India Group Company with impeccable lineage, created out of the merger in 2004 of the two leading players in the domestic Money and Debt Markets, the RBI promoted Discount & Finance House of India (DFHI) and SBI Gilts Ltd, a subsidiary of India’s largest commercial bank.
As you want to take information about Treasury Bills so here it is
Treasury Bills are short term (up to one year) borrowing instruments of the Government of India which enable investors to park their short term surplus funds while reducing their market risk.

Type of Treasury Bills:
RBI issues T-Bills for three different maturities:
91 days: The 91 day T-Bills are issued on weekly auction basis
182 days :182 day T-Bill auction is held on Wednesday preceding Non-reporting Friday
364 days. 364 day T-Bill auction on Wednesday preceding the Reporting Friday

Features of T-Bill:
These are auctioned by Reserve Bank of India at regular intervals and issued at a discount to face value. On maturity the face value is paid to the holder.

The rate of discount and the corresponding issue prices are determined at each auction. When liquidity is tight in the economy, returns on Treasury Bills sometimes become even higher than returns on bank deposits of similar maturity.

Any person in India including Individuals, Firms, Companies, Corporate bodies, Trusts and Institutions can purchase Treasury Bills. Treasury Bills are eligible securities for SLR purposes.
Treasury Bills are available for a minimum amount of Rs. 25,000 and in multiples of Rs. 25,000 thereafter. They are available in both Primary and Secondary Market.

Treasury Bills are issued in the form of SGL - entries in the books of Reserve Bank of India to hold the securities on behalf of the holder. The SGL holdings can be transferred by issuing a SGL transfer form

Treasury Bills are also being issued under the Market Stabilization Scheme (MSS)

Advantages of investing in Treasury Bills:
No Tax Deducted at Source (TDS)
Zero default risk as these are the liabilities of GOI
Liquid Money Market Instrument
Active secondary market thereby enabling holder to meet immediate fund requirement.

Contact:
State Bank of India DFHI Limited
Voltas House (3rd Floor), 23
J. N. Heredia Marg
Ballard Estate, Fort
Mumbai, Maharashtra 400001
Telephone: 022 2262 5946

Hello sir I want to know Information about SBI DFHI Ltd so here can you please give me details ?

[Raman Vij]

Hey as SBI DFHI LTD is a State Bank of India Group Company with impeccable lineage, created out of the merger in 2004 of the two leading players in the domestic Money and Debt Markets, t

Stand-alone PDs are allowed the following activities as core activities:
Dealing and underwriting in Government securities.
Dealing in Interest Rate Derivatives.
Providing broking services in Government securities.
Dealing and underwriting in Corporate / PSU / FI bonds/ debentures.
Lending in Call/ Notice/ Term/ Repo/ CBLO market.
Investment in Commercial Papers.
Investment in Certificates of Deposit.
Investment in Security Receipts issued by Securitization Companies/ Reconstruction Companies, Asset Backed Securities (ABS), Mortgage Backed Securities (MBS).
Investment in debt mutual funds where entire corpus is invested in debt securities.

Board of directors

Smt. Arundhati Bhattacharya(Chairman)

Shri V.G. Kannan(MD & GE)

Shri N. Raja

Shri. N. Chandrasekaran

Shri. Milind T. Phadke

Shri A. N. Appaiah (MD & CEO)