Secondary Market :

The participants can also trade T-bills held from primary market in the secondary market established for the purpose. The major advantages of dealing in treasury bill secondary market are: Market related yields, ideal matching for funds management particularly for short-term tenors of less than 15 days, Transparency in operations as the transactions would be put through Reserve Bank of India’s SGL or Client’s Gilt account only, two way quotes offered by primary dealers for purchase and sale of treasury bills and certainty in terms of availability  entry and exit.