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National Bank for Agricultur… 6.97% Mar 2031 NCD

AAA Unsecured NCD

National Bank for Agriculture and Rural Development

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

Current YTM
7.71%
Market YTM
Coupon Rate
6.97%
Per annum
Maturity Date
17 Mar 2031
4.6 Yrs to Maturity
Interest Payment
Semi Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.71%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+108 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) — Yield (YTM)
2026-08-14 2026-08-26
Cashflow Timeline
17 Sep 2026
Interest Payment
₹34,850.00 / Bond
17 Mar 2027
Interest Payment
₹34,850.00 / Bond
17 Sep 2027
Interest Payment
₹34,850.00 / Bond
17 Mar 2028
Interest Payment
₹34,850.00 / Bond
17 Sep 2028
Interest Payment
₹34,850.00 / Bond
17 Mar 2029
Interest Payment
₹34,850.00 / Bond
17 Sep 2029
Interest Payment
₹34,850.00 / Bond
17 Mar 2030
Interest Payment
₹34,850.00 / Bond
17 Mar 2031
Principal Payment
₹1,000,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-05 Issued 2021-03-17 Matures 2031-03-17

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

Key Metrics
Coupon Rate
6.97%
YTM (Annual)
7.71%
Credit Rating
AAA
(INDIA_RATINGS)
Remaining Tenure
4.6 Years
Advanced metrics
Modified Duration
3.70 Yrs
Macaulay Duration
3.84 Yrs
Issue Size
₹3,439 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
3.70 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Semi Annual
Last Trade
2026-08-26
NSE OTC (WAP)
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 3 secondary-market trades recorded in the last 30 days.
  • Coupon is 3.03 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
2021-03-17
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

6.97% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BOND.BOND SERIES PMAY-G PD5. LETTER OF ALLOTMENT.DATE OF MATURITY 17/03/2031 is a rated, redeemable ncd issued by National Bank for Agriculture and Rural Development. The bond offers a fixed coupon of 6.97% p.a. with semi annual interest payments and repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-05 CRISIL Initial AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-26 97.7100 7.7098 None
2026-08-25 97.7100 7.7098 None
2026-08-14 98.0900 7.5000 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 INDIA_RATINGS 2021-03-15
Rating Actions History 1 2026-08-05
Secondary-Market Trades 3 NSE OTC (WAP) 2026-08-26
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… 6.97% Mar 2031 NCD?

National Bank for Agricultur… 6.97% Mar 2031 NCD carries a coupon of 6.97%, paid semi annual, on a face value of ₹1,000,000.

When does National Bank for Agricultur… 6.97% Mar 2031 NCD mature?

National Bank for Agricultur… 6.97% Mar 2031 NCD matures on 2031-03-17, 4.6 years from today.

What is National Bank for Agricultur… 6.97% Mar 2031 NCD rated?

National Bank for Agricultur… 6.97% Mar 2031 NCD is rated AAA by INDIA_RATINGS. As of 2021-03-15.

Is National Bank for Agricultur… 6.97% Mar 2031 NCD secured?

National Bank for Agricultur… 6.97% Mar 2031 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does National Bank for Agricultur… 6.97% Mar 2031 NCD currently offer?

The last recorded trade on 2026-08-26 priced National Bank for Agricultur… 6.97% Mar 2031 NCD at ₹97.71, implying a yield to maturity of 7.71%.

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