As announced in Second Quarter Review of Monetary Policy 2012-13 (Para No. 64), in order to bring about standardization and enhance market efficiency, it has been decided that the settlement cycle of primary auction in T-Bills would be reduced from T+2 to T+1 settlement. This change would come to effect from November 21, 2012.

J. D. Desai
Assistant Manager

Press Release : 2012-2013/717