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National Bank for Agricultur… 7.35% Mar 2031 NCD

AAA Secured NCD

National Bank for Agriculture and Rural Development

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

Current YTM
No live YTM available
Coupon Rate
7.35%
Per annum
Maturity Date
23 Mar 2031
4.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual) EST
~7.35%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+72 bps
vs 4.6Y G-Sec at 6.63% *
Below the median spread for similar-tenor peers
Tenure
4.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean)
2026-06-30 2026-08-18
Cashflow Timeline
23 Mar 2027
Interest Payment
₹73.50 / Bond
23 Mar 2028
Interest Payment
₹73.50 / Bond
23 Mar 2029
Interest Payment
₹73.50 / Bond
23 Mar 2030
Interest Payment
₹73.50 / Bond
23 Mar 2031
Principal Payment
₹1,000.00 / Bond

Next 4 coupons + principal at maturity · per ₹1,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-05 Issued 2016-03-23 Matures 2031-03-23

1 rating action on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
7.35%
YTM (Annual)
Credit Rating
AAA
(INDIA_RATINGS)
Remaining Tenure
4.6 Years
Advanced metrics
Modified Duration
3.66 Yrs
Macaulay Duration
3.93 Yrs
Issue Size
₹1,353 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
3.66 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-18
NSE CM
Trades (30 Days)
5
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 5 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.65 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2016-03-23
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

7.35% SECURED REDEEMABLE NON CONVERTIBLE TAX FREE BONDS. SERIES II A. LETTER OF ALLOTMENT. DATE OF MATURITY 23/03/2031 is a secured, rated, redeemable ncd issued by National Bank for Agriculture and Rural Development. The bond offers a fixed coupon of 7.35% p.a. with annual interest payments and repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-05 CRISIL Initial AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-18 111.5000 None
2026-08-17 111.5000 None
2026-08-13 107.9200 5.3500 1
2026-08-11 111.4990 1
2026-08-06 108.4000 None
2026-07-10 108.4900 5.2500 1
2026-07-02 108.8000 5.2000 1
2026-07-01 108.5000 5.2600 2
2026-06-30 108.3165 5.3000 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 INDIA_RATINGS 2016-02-22
Rating Actions History 1 2026-08-05
Secondary-Market Trades 9 NSE CM 2026-08-18
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
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 National Bank for Agricultur… 7.35% Mar 2031 NCD?

National Bank for Agricultur… 7.35% Mar 2031 NCD carries a coupon of 7.35%, paid annual, on a face value of ₹1,000.

When does National Bank for Agricultur… 7.35% Mar 2031 NCD mature?

National Bank for Agricultur… 7.35% Mar 2031 NCD matures on 2031-03-23, 4.6 years from today.

What is National Bank for Agricultur… 7.35% Mar 2031 NCD rated?

National Bank for Agricultur… 7.35% Mar 2031 NCD is rated AAA by INDIA_RATINGS. As of 2016-02-22.

Is National Bank for Agricultur… 7.35% Mar 2031 NCD secured?

National Bank for Agricultur… 7.35% Mar 2031 NCD is a secured bond.

Can National Bank for Agricultur… 7.35% Mar 2031 NCD be called or put back early?

National Bank for Agricultur… 7.35% Mar 2031 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

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Maturity
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Maturity
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Coupon
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Maturity
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