Government Security-2

Short term securities:
•They are usually called treasury bills, with original maturities of less than one year- presently issued in three tenors, namely, 91 day, 182 day and 364 day.
Long term securities:
•They are usually called Government bonds or dated securities with original maturity of one year or more.
•In India, the Central Government issues both treasury bills and bonds or dated securities while the State Governments issue only bonds or dated securities, which are called the State Development Loans (SDLs).
•G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments.