What do Government Securities refer to?

A Government Security (G-Sec) is a tradable document issued by either the Central Government or State Governments, representing their debt obligation. These securities come in short-term forms, such as treasury bills with maturities of less than one year, and long-term forms, like Government bonds or dated securities with maturities of one year or more. In India, the Central Government issues both treasury bills and bonds, while State Governments issue bonds known as State Development Loans (SDLs). G-Secs are considered risk-free because they virtually carry no risk of default, making them gilt-edged instruments.

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