91 day t-bill

[siddharth1630]

i invested in 91 day t-bill and it's allocated to me , is it sell automatically when 91 days is completed ????
OR i need to sell it by myself ???
and how much of % i get when 91 days completed ??
while purchasing it's showing 6.77 %

so if i invest 20k so should i get 1300 something in 91 days ????
or 1300/4 ?????

 

[zacobite]

i invested in 91 day t-bill and it's allocated to me , is it sell automatically when 91 days is completed ????
OR i need to sell it by myself ???
and how much of % i get when 91 days completed ??
while purchasing it's showing 6.77 %

so if i invest 20k so should i get 1300 something in 91 days ????
or 1300/4 ?????

will close automatically..Approx ~ 337 rs u will get for 20k @ 6.77% for 91 days

(20000x.0677) / 365 will be per day x 91 days

 

[shubhamk06]

will close automatically..Approx ~ 337 rs u will get for 20k @ 6.77% for 91 days

(20000x.0677) / 365 will be per day x 91 days

What are the taxation on it?

 

[Prince]

What are the taxation on it?

Hi,
Kindly check your Bank Statement, while investing the amount of 20,000. after allotment you must have received and amount from the portal. thats your interest which is paid upfront by the Govt., thats the value of Interest you have earned for 91 days.
For taxation the amount received shall be reported in Income from Other Sources.