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What happens when a T-bill matures?

Upon the maturity, the Government debits the T-bill from your DEMAT automatically, this is called ‘Extinguishment of Securities’ and the par value (refer to this article to know what par value means) gets paid to the bank account linked to your DEMAT account. (within 5 Days from the Maturity date)

You will receive an SMS from CDSL and you can verify the same in your holding statement which you can download from CDSL easi. The entries in your statement will be similar to the following images -