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SBI Cards and Payment Services 8.33% Jan 2034 NCD (INE018E08342)

CRISIL AAA / Stable Unsecured NCD

SBI Cards and Payment Services Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

7 more bonds from SBI Cards and Payment Services Limited →
Current YTM
8.40%
Market YTM
Coupon Rate
8.33%
Per annum
Maturity Date
24 Jan 2034
7.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,00,000
Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.

Market Position

YTM (Annual)
8.40%
Last traded 9 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+103 bps
vs 7.2Y G-Sec at 7.37%
Below the median spread for similar-tenor peers
Tenure
7.2 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
10 Aug 20269 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

24 Jan 2027
Interest Payment
₹8,33,000.00 / Bond
₹7,49,700.00 net of 10% TDS (est.)
24 Jan 2028
Interest Payment
₹8,33,000.00 / Bond
₹7,49,700.00 net of 10% TDS (est.)
24 Jan 2029
Interest Payment
₹8,33,000.00 / Bond
₹7,49,700.00 net of 10% TDS (est.)
24 Jan 2030
Interest Payment
₹8,33,000.00 / Bond
₹7,49,700.00 net of 10% TDS (est.)
24 Jan 2031
Interest Payment
₹8,33,000.00 / Bond
₹7,49,700.00 net of 10% TDS (est.)
24 Jan 2032
Interest Payment
₹8,33,000.00 / Bond
₹7,49,700.00 net of 10% TDS (est.)
24 Jan 2033
Interest Payment
₹8,33,000.00 / Bond
₹7,49,700.00 net of 10% TDS (est.)
24 Jan 2034
Final coupon + principal
₹1,08,33,000.00 / Bond
₹8,33,000.00 coupon + ₹1,00,00,000 face value

8 coupons remaining, the last paid with principal at maturity · per ₹1,00,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 24 Jan 2024 Matures 24 Jan 2034

Key Metrics

Coupon Rate
8.33%
YTM (Annual)
8.40%
Credit Rating
AAA
(CRISIL) · rated 31 Jan 2024, 2 years ago
Over 15 months old; see below
Remaining Tenure
7.2 Years

AAA (CRISIL): Rated 31 Jan 2024 (2 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics
Modified Duration
4.94 Yrs
Macaulay Duration
5.35 Yrs
Issue Size
₹525 Cr
Minimum Investment
₹1,00,00,000
1 bond × ₹1,00,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
4.94 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
9 Oct 2026
NSE OTC (WAP)
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Unsecured
No call option

Observations

  • This bond is unsecured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.87 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 7 Nov 2026
Instrument Type
NCD
Issue Date
24 Jan 2024
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

SBI Cards and Payment Services 8.33% Jan 2034 NCD is an unsecured, rated NCD issued by SBI Cards and Payment Services Limited. It pays an 8.33% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

DateAgencyRatingOutlookStatusSource
31 Jan 2024 CRISIL AAA Stable Latest BSE listing
2024 ICRA AAA — NSDL record, 2024 NSDL debt master

Rating Action History

3 actions

Agency actions on SBI Cards and Payment Services Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

DateAgencyActionRatingOutlookRationale
2026-09-30 CRISIL Update — — View →
2026-09-08 CRISIL Other — — View →
2026-06-25 CRISIL Update — — View →
Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →

Rating Actions on SBI Cards and Payment Services Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

DateAgencyActionRatingRationale
2026-09-30 CRISIL Update — View →
2026-09-08 CRISIL Other — View →
2026-06-25 CRISIL Update — View →
Alert me about SBI Cards and Payment Services Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE018E08342: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-09 99.5300 8.4000 —
2026-10-08 99.4189 8.4200 —
2026-09-23 100.4500 8.2258 —
2026-09-22 100.3735 8.2400 —
2026-09-16 101.7300 8.0000 —
2026-09-15 103.0400 7.7500 1
2026-09-10 101.9800 7.9500 —
2026-09-09 103.0200 7.7575 —
2026-08-11 103.0560 7.7567 —
2026-08-10 103.0200 7.7615 3

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2024-01-31
Rating Actions History 3 — 2026-09-30
Secondary-Market Trades 10 NSE OTC (WAP) 2026-10-09
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
BSE
Last Updated
7 Nov 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Current Price (Clean)
₹99,53,000.00
YTM8.40%
Trade Date 9 Oct 2026 30d ago
SourceNSE OTC (WAP)
Accrued interest (est.)₹6,59,553.42
Dirty price (est.)₹1,06,12,553.42
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE018E08342
Issue Date
24 Jan 2024
Maturity Date
24 Jan 2034
Listing
BSE
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on SBI Cards and Payment Services 8.33% Jan 2034 NCD?

SBI Cards and Payment Services 8.33% Jan 2034 NCD carries a coupon of 8.33%, paid annual, on a face value of ₹1,00,00,000.

When does SBI Cards and Payment Services 8.33% Jan 2034 NCD mature?

SBI Cards and Payment Services 8.33% Jan 2034 NCD matures on 24 Jan 2034, 7.2 years from today.

What is SBI Cards and Payment Services 8.33% Jan 2034 NCD rated?

SBI Cards and Payment Services 8.33% Jan 2034 NCD is rated AAA by CRISIL (rating dated 31 Jan 2024).

Is SBI Cards and Payment Services 8.33% Jan 2034 NCD secured?

SBI Cards and Payment Services 8.33% Jan 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does SBI Cards and Payment Services 8.33% Jan 2034 NCD trade?

SBI Cards and Payment Services 8.33% Jan 2034 NCD is listed on BSE.

What yield does SBI Cards and Payment Services 8.33% Jan 2034 NCD currently offer?

The last recorded trade on 9 Oct 2026 priced SBI Cards and Payment Services 8.33% Jan 2034 NCD at ₹99,53,000.00 per bond, implying a yield to maturity of 8.40%.

More Bonds from This Issuer

S
SBI Cards and Payment Services 7.85% May 2028 NCD
INE018E08334
AAA NSDL record, 2023
Coupon
7.85%
Maturity
17 May 2028
S
SBI Cards and Payment Services 7.05% Jul 2028 NCD
INE018E08375
AAA
Coupon
7.05%
Maturity
28 Jul 2028
S
SBI Cards and Payment Services 9.55% Jan 2029 NCD
INE018E08144
AAA NSDL record, 2019
Coupon
9.55%
Maturity
29 Jan 2029
S
SBI Cards and Payment Services 8.99% Jun 2029 NCD
INE018E08169
AAA
Coupon
8.99%
Maturity
12 Jun 2029
Compare (/) Compare Bonds

Comparable NCDs maturing near 2034

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 8.33%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE860H08EL8Aditya Birla Capital LimitedAAA8.31%2034-07-11
INE774D08MW0Mahindra and Mahindra Financial Services LimitedAAA8.35%2034-01-16
INE950O08295Mahindra Rural Housing Finance LimitedAAA8.35%2034-12-22
INE01MM08012SBI General Insurance Company LimitedAAA8.35%2034-02-21
INE756I08256HDB Financial Services LimitedAAA8.40%2033-12-22
INE261F08AO5National Bank for Agriculture and Rural DevelopmentAAA NSDL record, 20188.47%2033-08-31

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