Accrued Interest Calculator

Calculate the interest that has accrued since the last coupon payment, and the dirty price (what you actually pay at settlement).

Coupon Rate (%) Annual coupon rate as printed on the bond

Face Value (₹) 100 for G-Secs (price basis), 1000 for most NCDs

Clean Price (₹) Market quoted price, excluding accrued interest

Coupon Frequency

Day Count Convention

Settlement Date T+1 for G-Secs via RBI Retail Direct

Maturity Date

Settlement must be before maturity.

Calculating…

What is accrued interest?

When you buy a bond between coupon payment dates, you owe the seller the interest that has accumulated since the last payment. This is accrued interest. The dirty price (what you actually pay) = clean price + accrued interest. On the next coupon date, you receive the full coupon — which includes the accrued interest you paid plus what you earned during your holding period.

For Indian G-Secs and most PSU bonds, the 30/360 convention applies per FIMMDA rules: each month is treated as 30 days, the year as 360. Most corporate NCDs use Actual/365.

Results are for informational purposes only. Verify against the bond’s offer document and your broker’s settlement confirmation. Not investment advice.