India Treasury
bill rates
India's sovereign short-end. The 3-month T-Bill yields 5.24%, and the 12-month yields 5.68%, as of 14 August 2026.
Get a daily alert on T-bill rates
3-month
5.24%
6-month
5.53%
12-month
5.68%
Today's T-Bill curve sits on our screen. Not this one.
The data above is 10 days late. We track the live T-Bill curve daily for partner treasuries.
T-Bill yield trend
3-month, 6-month, and 12-month T-Bill yields. Use the range tabs to zoom.
Range
Net change · 3M
-21 bps
Full curve · 14 August 2026
Every tenor published in this run.
| Tenor | Yield % |
|---|---|
| 7 Days | 5.0900% |
| 14 Days | 5.1000% |
| 1 Month | 5.1300% |
| 2 Months | 5.2200% |
| 3 Months | 5.2400% |
| 4 Months | 5.3400% |
| 5 Months | 5.4300% |
| 6 Months | 5.5300% |
| 7 Months | 5.5400% |
| 8 Months | 5.5500% |
| 9 Months | 5.5600% |
| 10 Months | 5.6000% |
| 11 Months | 5.6400% |
| 12 Months | 5.6800% |
Frequently asked
What is a Treasury Bill?+
A T-Bill is a short-term debt instrument issued by the Government of India through the RBI. They mature in 91, 182, or 364 days and pay no coupon. Investors buy them at a discount to face value, and the yield is the implied annualised return at maturity. They're the closest thing to a 'risk-free' rupee investment.
What is published here?+
The benchmark aggregates daily traded yields across the secondary T-Bill market into a published valuation for each maturity bucket. This is what mutual funds and corporates use to mark T-Bill portfolios to market.
Why does the 7-day rate matter?+
The 7-day T-Bill rate is the closest market proxy for the RBI's effective short-term policy stance. When it drifts away from the repo rate, that's a signal about banking-system liquidity.
How does this affect my FD rate?+
Bank FD rates broadly track sovereign short rates with a spread on top. A falling T-Bill curve usually signals lower FD rates ahead (banks reprice quickly downward). A rising curve takes longer to feed through.