this is special institution of money market. it has been stablished in 1988.
its main work is to fulfil of financial instituition discount.
DFHI is a short name of Discounting & Finance House of India. It includes govt.securities,state development loan, Treasury bills, money market instrument, corporate funds, mutual fund product.
DFHI Was Set Up in April,1988.
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Functions of DFHI:To discount, re-discount purchase and sell Treasury bill, trade bill, bills of exchange, commercial bills and commercial papers.To play important role as a lender, borrower, or broker in the interbank call money market.To promote and support company funds, trusts and other organisations for the development of short-term money market.To advise government, banks and financial institutions in evolving schemes for growth and development of money market.