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1. Treasury Bill

As a part of Axis Bank’s Money Market Services, we offer corporates and institutions the option of investing in Treasury Bills (T-bills). Treasury Bills are short-term securities issued by the RBI (Reserve Bank of India) on behalf of the Government of India for maturities of 91, 182, and 364 days. They are issued at a discount and are redeemable at par on maturity. They can be issued during the periodic auctions and are tradable in the secondary market. Institutions that can participate in the auction of treasury bills include commercial banks, primary dealers, mutual funds, corporations, institutions, provident and pension funds, and insurance companies. T-bills are issued at a discount to face value and are redeemable at par on maturity

  • Commercial banks, primary dealers, Mutual Funds, corporations, institutions, provident or pension funds and individuals participate in the products.
  • Periodic auctions are held for their issue and these are tradable in the secondary market, which is quite active
  • T-bills are issued at a discount to face value and are redeemable at par on maturity

2. GOI Securities

Axis Bank offers the option to purchase and trade in GOI securities online as a part of its Money Market Services. GOI securities are dated securities issued by RBI on behalf of the Govt. Of India and can be issued for a tenure ranging from 2 to 30 years. These GOI securities can be held in SGL or dematerialised form with the bank. The interest on these GOI securities is payable semi-annually, while tax is not deductible at source. For more information on GOI securities, please visit Axis Bank’s website.

  • These are dated securities issued by RBI on behalf of the Govt. Of India
  • Commercial Banks, Primary Dealers, Mutual Funds, Corporates, Institution, Provident or Pension Funds and individuals participate in the products
  • They are issued for a tenor ranging from 2 to 30 years
  • Periodic auctions are held for their issue and they are tradable in the secondary market
  • They can be held in SGL or dematerialised form with the bank
  • Interest is payable semi-annually and tax is not deductible at source

3. Commercial Papers

Axis Bank’s Money Market Services offer corporates the option of participating as either lenders or borrowers and trading in call-linked products. Call-linked products can be issued for a maximum tenure of 89 days, and flexible call or put options can be exercised by them. The pricing for these call-linked products is linked to a benchmark like MIBOR (Mumbai Interbank offer rate) for added transparency. Visit Axis Bank’s website or call our customer care helpline for more information on money market Commercial Papers online. Flexible call or put option could be exercised.

To find out more about money market commercial papers online, visit the Axis Bank website.

  • A CP is a money market instrument through which corporate entities raise short-term money
  • Issued as per RBI guidelines
  • It is issued at a discount to face value
  • Is in the nature of a promissory note and is held in dematerialised form
  • Attracts issuance stamp duty in primary issue
  • Has to be mandatorily rated by one of the four credit rating agencies
  • Can be issued for a maximum period of 1 year
  • Can be issued in dematerialised form

5. Certificate of Deposits

Axis Bank offers the option to purchase and trade with Certificates of Deposits (CDs) as a part of its Money Market Services. These are unsecured in nature. A negotiable promissory note is issued at a discount to the face value, and the tenure for CDs ranges anywhere between 7 days to 12 months. Certificates of Deposits attract issuance stamp duty and are usually issued in dematerialised form. Other than this, they are negotiable and can be transferred by endorsement and delivery after 15 days of issue. You can contact Axis Bank’s customer care service to learn more about the issuing and trading procedure of Certificates of Deposits. There is no TDS on such instruments.

  • CDs are unsecured, negotiable promissory note issued at a discount to the face value
  • Tenor is from 7 days to 12 months
  • Attracts issuance stamp duty and is usually issued in dematerialised form
  • They are negotiable, and transferred by endorsement and delivery, after 15 days of issue
  • There is no TDS
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