How are government securities classified? Well they are classified as follows:

1. Government of India dated securities – like it says “9.35%GOI2027” – it means it pays 9.35% p.a. – payable twice a year (so strictly speaking it yields more than 9.35%), issuer is Government of India and will mature in the year 2027.

2. State Government Securities / Development Loans (SDL)

3. 364 days Treasury Bills (T-Bills)

4. G-Sec as defined in section 2(2) of Public Debt Act, 1944 (18 of 1944).

5. Govt. also issues T bills of 91 days duration for meeting temporary mismatches. Not a part of the government borrowing program.