MONEY MARKET - MONEY MARKET INSTRUMENTS: G SEC (GOVERNMENT SECURITIES)

The Reserve Bank of India issues securities on behalf of the Government. The term Government Securities includes Central Government Securities, State Government Securities and Treasury Bills. The different types of Government Securities are –

Dated Securities	Zero Coupon Bonds or Deep Discount Bonds	Floating Rate Bonds	Capital Indexed Bonds
Issued at par value	Issued at discount to face value	Issued at face value	Issued at face value
Interest or coupon rate is fixed at the time of issuances	Do not carry any interest	Interest rate is fixed % over a predetermined floating rate benchmark which may be MIBOR or INBMK curve	Interest Rate is as a % over Inflation benchmark may be WPI or CPI at the time of issuance.
The tenor of the security is fixed	The tenor of the security is fixed	The tenor of the security is fixed	The tenor of the security is fixed
The security is redeemed at face value on its maturity date	The security is redeemed at face value on its maturity date plus Zero coupon interest on the security	The security is redeemed at face value on its maturity date	The security is redeemed at face value on its maturity date