T-Bill on WebNotes

Why IPO and G-sec orders can be blocked or unavailable on Kite

Sun, 21 Jun 2026 00:00:00 +0000

IPO and government-securities orders on Kite route through fixed bidding windows set by the issuer, the exchange and the Reserve Bank of India, not through the continuous order book that handles ordinary equity trades, so the order option is available only while a window is open and is closed by design at every other time. A blocked or missing “Apply” button for an IPO, or a greyed-out bid screen for a G-sec, T-bill, State Development Loan or Sovereign Gold Bond, almost always means the relevant window has not opened yet or has already shut, not that the platform is broken.

CDSL SMS for T-Bill maturity

Wed, 20 May 2026 00:00:00 +0000

On T-Bill maturity, CDSL sends an SMS to the registered mobile number:

Field in SMS	What it means
ISIN	The matured T-Bill identifier
Quantity	Number of units matured
Date	Maturity date
Demat ID	Your BO ID (last 4 digits)

What it confirms

Your T-Bill has reached maturity.
Units have been removed from your demat account.
Maturity proceeds are being credited to your linked bank.

Cross-check in Console

Console > Holdings: T-Bill no longer appears.
Funds: Credit reflected in trading balance or bank statement.
Reports > Statements: T-Bill maturity event logged.

If SMS not received

Check CDSL registered mobile (may differ from Zerodha-linked).
Maturity may have been delayed by 1-2 days (holiday).
Raise ticket with Zerodha support.

External references

CDSL
Zerodha

References

CDSL, Demat corporate action notifications, cdslindia.com.
Zerodha, T-Bill maturity, support.zerodha.com.

SDL vs T-Bills vs G-Secs: comparison

Wed, 20 May 2026 00:00:00 +0000

SDLs, T-Bills, and dated G-Secs are all sovereign-rated debt issued through the RBI auction window. Key differences:

Feature	T-Bill	SDL	Dated G-Sec
Issuer	Central government	State government	Central government
Tenor	91 / 182 / 364 days	10+ years typical	1 to 40 years
Coupon	None (zero coupon)	Semi-annual	Semi-annual
Yield	Discount to face value	Coupon + price	Coupon + price
Auction frequency	Weekly	Weekly (Tuesdays)	Bi-weekly (Fridays)
Sovereign-backed	Yes	Yes (state)	Yes (Centre)
Liquidity	Moderate	Low	Moderate to good
Minimum on Zerodha	Rs 10,000	Rs 10,000	Rs 10,000

When to use which

Goal	Pick
Park funds for 3-12 months	T-Bill
10-year+ steady-coupon investment	G-Sec or SDL
Highest yield among sovereign	SDL (slightly higher than G-Sec)
Maximum liquidity	G-Sec

Risk hierarchy

All three are sovereign-rated:

T-Bill allotment less than Rs 100 face value

Wed, 20 May 2026 00:00:00 +0000

T-Bills are zero-coupon instruments issued at a discount and redeemed at face value (Rs 100). The discount is your return.

Example

Face value: Rs 100.
Issue (allotment) price: Rs 98.50.
Tenor: 91 days.
Discount: Rs 1.50.

At maturity (T+91 days), you receive Rs 100. Your return is Rs 1.50 on a Rs 98.50 investment = 1.52% per 91 days = ~6.10% annualised yield.

Why Rs 98.50 not Rs 100?

T-Bills don’t pay coupon. Instead, the auction sets the discount that produces the prevailing market yield.

How to bid in an RBI primary bond auction via Zerodha

Tue, 12 May 2026 00:00:00 +0000

This guide explains how retail investors can participate in the Reserve Bank of India’s primary bond auctions for Government Securities (G-Secs) and Treasury Bills (T-Bills). Primary auction participation allows investors to receive freshly issued government securities at the price determined by the institutional market, without any secondary market premium or broker markup on the price.

There are two routes for retail investors:

Zerodha Kite: Non-competitive bid submission via NSE’s scheme, aggregated by Zerodha. Requires only an existing Zerodha account.
RBI Retail Direct portal (rbiretaildirect.org.in): Direct non-competitive bid submission without a broker. Requires a separate Retail Direct Gilt Account (RDGA) at RBI. Zero brokerage; direct settlement into the SGL-linked demat.

This guide covers both routes, with the Kite procedure detailed more extensively given the Zerodha context. The encyclopedic overview of G-Secs on Zerodha and T-Bills on Zerodha provides background on the instruments themselves. The secondary market alternative is covered in How to buy a G-Sec on Zerodha Kite and How to buy a T-Bill on Zerodha .

How to buy a T-Bill on Zerodha

Tue, 12 May 2026 00:00:00 +0000

This guide explains how to buy Treasury Bills (T-Bills) through Zerodha’s Kite platform. T-Bills are short-duration sovereign instruments issued by the Government of India and managed by the Reserve Bank of India (RBI) . They are zero-coupon instruments: there is no periodic interest payment; instead, the government issues them at a discount to face value and redeems them at face value on the maturity date. The difference between the purchase price and Rs 25,000 constitutes the investor’s return.

T-Bill on WebNotes

Why IPO and G-sec orders can be blocked or unavailable on Kite

CDSL SMS for T-Bill maturity

What it confirms

Cross-check in Console

If SMS not received

See also

External references

References

SDL vs T-Bills vs G-Secs: comparison

When to use which

Risk hierarchy

T-Bill allotment less than Rs 100 face value

Example

Why Rs 98.50 not Rs 100?

How to bid in an RBI primary bond auction via Zerodha

How to buy a T-Bill on Zerodha