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SBI Cards and Payment Services 8.29% Feb 2034 NCD (INE018E08359)

ICRA AAA · NSDL record, 2024 Unsecured NCD

SBI Cards and Payment Services Limited

Unsecured, Taxable, Redeemable NCD

Browse: bonds maturing in 2034

7 more bonds from SBI Cards and Payment Services Limited →

Current YTM

—

No market YTM available

Coupon Rate

8.29%

Per annum

Maturity Date

28 Feb 2034

7.3 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.

23 Oct 2026 Credit rating disclosure Credit Rating intimation under Regulation 30 of SEBI (LODR) Regulations, 2015

Market Position

YTM (Annual)

—

No trade with a usable price on record

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Tenure

7.3 Years

Remaining to maturity

Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.

Showing last 10 trades.

Cashflow Timeline

28 Feb 2027

Interest Payment

₹8,29,000.00 / Bond

₹7,46,100.00 net of 10% TDS (est.)

28 Feb 2028

Interest Payment

₹8,29,000.00 / Bond

₹7,46,100.00 net of 10% TDS (est.)

28 Feb 2029

Interest Payment

₹8,29,000.00 / Bond

₹7,46,100.00 net of 10% TDS (est.)

28 Feb 2030

Interest Payment

₹8,29,000.00 / Bond

₹7,46,100.00 net of 10% TDS (est.)

28 Feb 2031

Interest Payment

₹8,29,000.00 / Bond

₹7,46,100.00 net of 10% TDS (est.)

28 Feb 2032

Interest Payment

₹8,29,000.00 / Bond

₹7,46,100.00 net of 10% TDS (est.)

28 Feb 2033

Interest Payment

₹8,29,000.00 / Bond

₹7,46,100.00 net of 10% TDS (est.)

28 Feb 2034

Final coupon + principal

₹1,08,29,000.00 / Bond

₹8,29,000.00 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

Key Metrics

Coupon Rate

8.29%

YTM (Annual)

—

Credit Rating

AAA

Rating on NSDL record (ICRA, 2024)

Not a current agency rating; see below

Remaining Tenure

7.3 Years

AAA (ICRA): Rating on NSDL record (ICRA, 2024), dated 2 Feb 2024. The rating NSDL's debt master records for this instrument, often from the time of issue. No current rating from an agency or exchange is on file, so it may be out of date.

Advanced metrics

Modified Duration

5.04 Yrs

Macaulay Duration

5.46 Yrs

Issue Size

₹750 Cr

Face Value

₹1,00,00,000

Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration

5.04 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

—

No recorded trades

Trades (30 Days)

0

Exchange-reported sessions

Security Status

Unsecured

No call option

Observations

This bond is unsecured.
No secondary-market trades recorded in the last 30 days.
Coupon is 1.91 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 16 Jul 2026

Issuer

SBI Cards and Payment Services Limited

Instrument Type

NCD

Issue Date

28 Feb 2024

Day Count Convention

ACT/ACT

Listed Exchange

—

Call / Put Option

None disclosed

SBI Cards and Payment Services Limited issued SBI Cards and Payment Services 8.29% Feb 2034 NCD, an unsecured NCD. It pays an 8.29% p.a. coupon, annually. Principal is repaid at maturity.

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.

Date	Agency	Action	Rating	Outlook	Rationale
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.

Date	Agency	Action	Rating	Rationale
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.

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	1	ICRA (NSDL record)	2024-02-02
Rating Actions History	3	—	2026-09-30
Secondary-Market Trades	0	—	—
Reg52(4) Payment Disclosures	0	—	—

No current rating from an agency or exchange on file; the rating shown is the one NSDL's debt master records, often from the time of issue.
No secondary-market trade with a usable price on record, so no market yield or spread is shown.

Documents

Entity metadata

Source: NSDL debt master
Last Updated: 16 Jul 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.

Frequently Asked Questions

What is the coupon rate on SBI Cards and Payment Services 8.29% Feb 2034 NCD?

SBI Cards and Payment Services 8.29% Feb 2034 NCD carries a coupon of 8.29%, paid annual, on a face value of ₹1,00,00,000.

When does SBI Cards and Payment Services 8.29% Feb 2034 NCD mature?

SBI Cards and Payment Services 8.29% Feb 2034 NCD matures on 28 Feb 2034, 7.3 years from today.

What is SBI Cards and Payment Services 8.29% Feb 2034 NCD rated?

No current rating from an agency or exchange is on file for SBI Cards and Payment Services 8.29% Feb 2034 NCD. NSDL's debt master records a rating of AAA by ICRA, dated 2 Feb 2024, often from the time of issue, so it may be out of date.

Is SBI Cards and Payment Services 8.29% Feb 2034 NCD secured?

SBI Cards and Payment Services 8.29% Feb 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

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

View Details

S

SBI Cards and Payment Services 7.05% Jul 2028 NCD

INE018E08375

AAA

Coupon

7.05%

Maturity

28 Jul 2028

View Details

S

SBI Cards and Payment Services 9.55% Jan 2029 NCD

INE018E08144

AAA NSDL record, 2019

Coupon

9.55%

Maturity

29 Jan 2029

View Details

S

SBI Cards and Payment Services 8.99% Jun 2029 NCD

INE018E08169

AAA

Coupon

8.99%

Maturity

12 Jun 2029

View Details

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 8.29%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE774D08MY6	Mahindra and Mahindra Financial Services Limited	AAA	8.30%	2035-02-27
INE860H08EL8	Aditya Birla Capital Limited	AAA	8.31%	2034-07-11
INE774D08MW0	Mahindra and Mahindra Financial Services Limited	AAA	8.35%	2034-01-16
INE950O08295	Mahindra Rural Housing Finance Limited	AAA	8.35%	2034-12-22
INE01MM08012	SBI General Insurance Company Limited	AAA	8.35%	2034-02-21
INE756I08256	HDB Financial Services Limited	AAA	8.40%	2033-12-22

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