A Retail Treasury Bond (RTB) is a debt instrument issued by a government to raise funds from the public to finance its expenditure needs. RTBs are designed to be accessible to individual investors, including small savers, making them an attractive option for personal investment portfolios. They offer a fixed interest rate, and because they are backed by the government, they are considered to be low-risk investments. RTBs have specific maturity periods, and the interest is typically paid semi-annually or quarterly until the bond matures, at which point the principal amount is returned to the investor. This type of bond is part of the government's program to promote saving and investing among its citizens while providing them with a safe investment option.