Treasury Bills

Only available in EGP

Minimum amount by a customer is EGP 25,000

Available to individuals, corporate customers and institutions

Features & Benefits

Offered to individuals, corporate customers and institutions
Only available in EGP
Minimum amount to be subscribed by a customer is EGP 25,000 and its multiples in primary and secondary market
Primary market Treasury Bills can be purchased only for tenors 91 days, 182 days, 273 days and 364 days
Any revenues or income resulted from Treasury Bills will be subject to 20% withholding tax due at maturity / broken date
Non-resident foreigners can sign the “Tax Duplication Prevention” form, and the 20% tax rate will be charged depending on the agreement

Service	Charges	Description
Treasury Bills purchase	EGP 100 per transaction
Treasury Bills custody fees	4.00% per million/annually	Collected end of June each year
Interest income tax	20% p.a.	As per income tax law no. 91 for 2005

Treasury Bills bidding application to be submitted by the customer and approved by the branch and Treasury Back Office in case of primary market
Treasury Bills confirmation in case of primary market
Application for purchase or sale of secondary market Treasury Bills, in case of secondary market
Treasury Bills confirmation in case of secondary market