Indian Railway Finance Corporation 6.41% Apr 2031 NCD (INE053F07CR7)

CARE AAA / Stable Secured NCD

Indian Railway Finance Corporation Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

165 more bonds from Indian Railway Finance Corporation Limited →

Current YTM

—

No market YTM available

Coupon Rate

6.41%

Per annum

Maturity Date

11 Apr 2031

4.4 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹10,00,000

Per Bond

Issuer events

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

15 Oct 2026 Interest payment notice Submission of Interest payment confirmation of IRFC various series of Bonds due on 15.10.2026 under SEBI LODR Regulations
15 Sep 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…
1 Sep 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…
10 Aug 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…

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

4.4 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

30 Jul 2027

Interest Payment

₹64,100.00 / Bond

₹57,690.00 net of 10% TDS (est.)

30 Jul 2028

Interest Payment

₹64,100.00 / Bond

₹57,690.00 net of 10% TDS (est.)

30 Jul 2029

Interest Payment

₹64,100.00 / Bond

₹57,690.00 net of 10% TDS (est.)

30 Jul 2030

Interest Payment

₹64,100.00 / Bond

₹57,690.00 net of 10% TDS (est.)

11 Apr 2031

Final coupon (part period) + principal

₹10,44,782.19 / Bond

₹44,782.19 coupon + ₹10,00,000 face value

5 coupons remaining, the last paid with principal at maturity · per ₹10,00,000 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

6.41%

YTM (Annual)

—

Credit Rating

AAA

(CARE) · rated 9 Jul 2026, 3 months ago

Remaining Tenure

4.4 Years

AAA (CARE): Rated 9 Jul 2026 (3 months ago).

AAA (CRISIL): Rated 31 Aug 2020 (6 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

With more than one agency, the rating shown at the top is the lowest of those dated within the last 15 months (or the newest, when none is). How we pick it →

Advanced metrics

Modified Duration

3.62 Yrs

Macaulay Duration

3.85 Yrs

Issue Size

₹2,000 Cr

Minimum Investment

₹10,00,000

1 bond × ₹10,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

3.62 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

—

No recorded trades

Trades (30 Days)

Exchange-reported sessions

Security Status

Secured

No call option

Observations

This bond is secured.
No secondary-market trades recorded in the last 30 days.
Coupon is 3.79 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 8 Nov 2026

Issuer

Indian Railway Finance Corporation Limited

Instrument Type

NCD

Issue Date

30 Jul 2020

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Indian Railway Finance Corporation Limited issued Indian Railway Finance Corporation 6.41% Apr 2031 NCD, a secured, rated NCD. It pays a 6.41% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

3 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.

Date	Agency	Rating	Outlook	Status	Source
9 Jul 2026	CARE	AAA	Stable	Latest	CARE press release →
31 Aug 2020	CRISIL	AAA	—	Latest	BSE listing
2020	CARE	AAA	—	NSDL record, 2020	NSDL debt master

Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Alert me about Indian Railway Finance Corporation 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	3	CARE, CRISIL	2026-07-09
Rating Actions History	0	—	—
Secondary-Market Trades	0	—	—
Reg52(4) Payment Disclosures	0	—	—

No secondary-market trade with a usable price on record, so no market yield or spread is shown.

Documents

BSE Debenture Detail & Term Sheet

Entity metadata

Source: BSE
Last Updated: 8 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.

Frequently Asked Questions

What is the coupon rate on Indian Railway Finance Corporation 6.41% Apr 2031 NCD?

Indian Railway Finance Corporation 6.41% Apr 2031 NCD carries a coupon of 6.41%, paid annual, on a face value of ₹10,00,000.

When does Indian Railway Finance Corporation 6.41% Apr 2031 NCD mature?

Indian Railway Finance Corporation 6.41% Apr 2031 NCD matures on 11 Apr 2031, 4.4 years from today.

What is Indian Railway Finance Corporation 6.41% Apr 2031 NCD rated?

Indian Railway Finance Corporation 6.41% Apr 2031 NCD is rated AAA by CARE (rating dated 9 Jul 2026) and AAA by CRISIL (rating dated 31 Aug 2020).

Is Indian Railway Finance Corporation 6.41% Apr 2031 NCD secured?

Indian Railway Finance Corporation 6.41% Apr 2031 NCD is a secured bond.

Where does Indian Railway Finance Corporation 6.41% Apr 2031 NCD trade?

Indian Railway Finance Corporation 6.41% Apr 2031 NCD is listed on BSE.

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Comparable NCDs maturing near 2031

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INE261F08CN3	National Bank for Agriculture and Rural Development	AAA NSDL record, 2020	6.39%	2030-11-19
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INE134E08NU7	Power Finance Corporation Limited	AAA	6.59%	2030-10-15
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INE861G08076	Food Corporation of India	AAA NSDL record, 2020	6.65%	2030-10-23
INE103D08021	Bharat Sanchar Nigam Limited	AAA	6.79%	2030-09-23

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