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Government of India — Bonds

Central Govt · Sovereign

As of 9 Nov 2026, Government of India has 250 active bonds with ₹1,25,166 Cr outstanding (disclosed for 197 of 250 bonds); no current agency rating is on file.

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Data as of 9 Nov 2026 Methodology v1.0 Download Report (PDF) Watch
Agency Rating
—
Total Debt Outstanding
₹1,25,166 Cr
Across 250 instruments
Active Bonds
250
First Issue
11 Sep 2001
Latest Issue
6 Nov 2026
Maturity Range
2026 - 2076
Observation
250 active bonds tracked from this issuer.
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies Last Updated: 9 Nov 2026

Government of India bonds: risks and track record

Nothing flagged on record
  • Current ratings No current rating on file
  • Rating direction, 12 months No rating actions on file
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 139 of 250 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Government of India 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.
01

Issuer Overview

Sector
Sovereign
Issuer Type
Central Govt
First Tracked Bond
11 Sep 2001
Start of this issuer's debt program timeline
  • 250 active bonds tracked from this issuer.

Operating in the Sovereign sector, Government of India is classified as a Central Government entity. Bond coupons here span 5.74% - 9.23%, paid at maturity. The maturity ladder spans 2026 - 2076.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02

Debt Profile

Outstanding Bonds
250
Tracked by RetailBonds
Amount Tracked
₹1,25,166 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 197 of 250 bonds)
Avg Coupon
7.20%
Range 5.74% - 9.23%
Avg Remaining Tenure
6.0 Yrs
Nearest maturity Nov 2026
Secured
—
No security status on file
Callable
0
Of 250 bonds
Avg Spread vs G-Sec
-17 bps
Credit premium, from 1 bond with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (108 bonds).

0 2026: 36 bonds, ₹3,956 Cr tracked, avg coupon 6.95% 36 2026 2027: 108 bonds, ₹11,527 Cr tracked, avg coupon 7.52% 108 2027 2028: 8 bonds, ₹4,460 Cr tracked, avg coupon 6.94% 8 2028 2029: 9 bonds, ₹7,935 Cr tracked, avg coupon 6.80% 9 2029 2030: 10 bonds, ₹9,670 Cr tracked, avg coupon 7.16% 10 2030 2031: 6 bonds, ₹5,313 Cr tracked, avg coupon 6.58% 6 2031 2032: 7 bonds, ₹6,466 Cr tracked, avg coupon 7.57% 7 2032 2033: 8 bonds, ₹6,683 Cr tracked, avg coupon 7.25% 8 2033 2034: 6 bonds, ₹6,688 Cr tracked, avg coupon 7.05% 6 2034 2035: 6 bonds, ₹11,179 Cr tracked, avg coupon 6.62% 6 2035 2036: 4 bonds, ₹6,229 Cr tracked, avg coupon 7.55% 4 2036 2037: 1 bond, ₹1,720 Cr tracked, avg coupon 7.18% 1 2037 2039: 4 bonds, ₹2,861 Cr tracked, avg coupon 7.15% 4 2039 2040: 2 bonds, ₹3,010 Cr tracked, avg coupon 7.49% 2 2040 2041: 1 bond, ₹740 Cr tracked, avg coupon 7.06% 1 2041 2042+: 34 bonds, ₹36,731 Cr tracked, avg coupon 7.43% 34 2042+

Security Type / Instrument Mix

  • T-Bill 135 bonds · 54% · ₹7,817 Cr tracked
  • G-Sec 115 bonds · 46% · ₹1,17,350 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2002: ₹950 Cr issued 2002 2003: ₹260 Cr issued 2003 2004: ₹961 Cr issued 2004 2005: ₹842 Cr issued 2005 2006: ₹860 Cr issued 2006 2007: ₹4,407 Cr issued 2007 2009: ₹130 Cr issued 2009 2010: ₹900 Cr issued 2010 2011: ₹1,800 Cr issued 2011 2012: ₹1,045 Cr issued 2012 2013: ₹1,414 Cr issued 2013 2014: ₹3,438 Cr issued 2014 2015: ₹4,582 Cr issued 2015 2016: ₹4,068 Cr issued 2016 2017: ₹2,142 Cr issued 2017 2018: ₹940 Cr issued 2018 2019: ₹4,581 Cr issued 2019 2020: ₹9,870 Cr issued 2020 2021: ₹9,199 Cr issued 2021 2022: ₹12,020 Cr issued 2022 2023: ₹14,560 Cr issued 2023 2024: ₹15,637 Cr issued 2024 2025: ₹14,627 Cr issued 2025 2026: ₹15,933 Cr issued 2026 Cumulative: ₹950 Cr Cumulative: ₹1,210 Cr Cumulative: ₹2,171 Cr Cumulative: ₹3,014 Cr Cumulative: ₹3,874 Cr Cumulative: ₹8,281 Cr Cumulative: ₹8,411 Cr Cumulative: ₹9,311 Cr Cumulative: ₹11,111 Cr Cumulative: ₹12,156 Cr Cumulative: ₹13,569 Cr Cumulative: ₹17,007 Cr Cumulative: ₹21,590 Cr Cumulative: ₹25,658 Cr Cumulative: ₹27,800 Cr Cumulative: ₹28,740 Cr Cumulative: ₹33,320 Cr Cumulative: ₹43,190 Cr Cumulative: ₹52,389 Cr Cumulative: ₹64,409 Cr Cumulative: ₹78,969 Cr Cumulative: ₹94,606 Cr Cumulative: ₹1,09,233 Cr Cumulative: ₹1,25,166 Cr

Based on 197 of 250 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03

Credit Profile

  • Unrated 250 bonds · 100%

Recent Rating Actions

No rating action history available.

04

Government of India Bond Interest Rates

Coupons on Government of India's 250 active bonds range from 5.74% to 9.23%. 87 traded in the last 30 days, at yields from 5.25% to 7.89% (median 7.29%; latest trade 9 Nov 2026).

Government of India coupon rates and market yields by maturity year
Maturity year Active bonds Coupon range Traded (last 30 days) Median yield
2026 36 5.74% to 8.15% 0 —
2027 108 6.64% to 8.28% 14 6.50%
2028 8 5.91% to 8.60% 5 7.13%
2029 9 6.03% to 7.59% 6 7.01%
2030 10 5.77% to 9.20% 8 7.38%
2031 6 6.10% to 7.02% 6 7.06%
2032 7 6.28% to 8.33% 5 7.09%
2033 8 6.57% to 8.24% 5 7.54%
2034 6 6.19% to 7.73% 2 7.42%
2035 6 6.22% to 7.40% 5 7.26%
2036 4 6.94% to 8.33% 4 7.38%
2037 1 7.18% 1 7.20%
2039 4 6.83% to 7.62% 2 7.51%
2040 2 6.68% to 8.30% 1 7.19%
2041 2 7.06% to 8.83% 2 7.62%
2042 1 8.30% 0 —
2043 2 7.69% to 9.23% 0 —
2044 1 8.17% 0 —
2045 1 8.13% 0 —
2046 1 7.06% 1 6.65%
2049 1 7.72% 1 7.06%
2050 2 6.67% to 7.16% 2 7.60%
2051 2 6.62% to 6.99% 1 7.55%
2052 1 7.36% 1 7.73%
2053 1 7.30% 0 —
2054 3 6.98% to 7.37% 1 7.59%
2055 2 7.24% to 7.72% 2 7.44%
2056 2 7.50% to 7.63% 2 7.61%
2059 1 7.63% 0 —
2060 2 6.80% to 7.19% 1 7.65%
2061 2 6.76% to 6.95% 2 7.80%
2062 1 7.40% 0 —
2063 1 7.25% 1 7.62%
2064 1 7.34% 1 7.67%
2065 1 6.90% 1 7.70%
2066 1 7.71% 1 7.68%
2073 1 7.46% 1 7.56%
2074 1 7.09% 1 7.60%
2076 1 7.43% 1 7.65%

Coupon is the interest rate on face value, from the bond records. Yield is the market yield from the latest BSE/NSE trade, counted only when that trade is at most 30 days old and passes the checks in our methodology.

Calculate the yield on GoI 7.25% Jun 2063 G-Sec (most recently traded; the calculator is pre-filled with its coupon and maturity)

05

Outstanding Bonds

View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
TBILL_20261111_91D 91D T-Bill Mat Nov 2026 — — 2026-11-11 — 2026-08-12
IN002025Z336 GoI 364-day T-Bill 12 Nov 2026 — — 2026-11-12 — 2026-11-06
IN002026Y063 GoI 182-day T-Bill 12 Nov 2026 — — 2026-11-12 — 2026-10-07
IN002026X198 GoI 91-day T-Bill 12 Nov 2026 — — 2026-11-12 — 2026-10-29
IN0020210186 GoI 5.74% Nov 2026 G-Sec 5.74% — 2026-11-15 — 2026-11-09
TBILL_20261118_91D 91D T-Bill Mat Nov 2026 — — 2026-11-18 — 2026-08-19
IN002026Y071 GoI 182-day T-Bill 19 Nov 2026 — — 2026-11-19 — 2026-10-09
IN002025Z344 GoI 364-day T-Bill 19 Nov 2026 — — 2026-11-19 — 2026-10-16
IN002026X206 GoI 91-day T-Bill 19 Nov 2026 — — 2026-11-19 — 2026-11-03
IN0020140060 GoI 8.15% Nov 2026 G-Sec 8.15% — 2026-11-24 — —
IN002025Z351 GoI 364-day T-Bill 26 Nov 2026 — — 2026-11-26 — 2026-10-05
TBILL_20261126_91D 91D T-Bill Mat Nov 2026 — — 2026-11-26 — 2026-08-27
IN002026Y089 GoI 182-day T-Bill 27 Nov 2026 — — 2026-11-27 — 2026-09-28
IN002026X214 GoI 91-day T-Bill 27 Nov 2026 — — 2026-11-27 — 2026-10-23
TBILL_20261202_91D 91D T-Bill Mat Dec 2026 — — 2026-12-02 — 2026-09-02
IN002025Z369 GoI 364-day T-Bill 03 Dec 2026 — — 2026-12-03 — 2026-10-28
IN002026X222 GoI 91-day T-Bill 03 Dec 2026 — — 2026-12-03 — 2026-11-05
TBILL_20261209_182D 182D T-Bill Mat Dec 2026 — — 2026-12-09 — 2026-06-10
TBILL_20261209_91D 91D T-Bill Mat Dec 2026 — — 2026-12-09 — 2026-09-09
IN002025Z377 GoI 364-day T-Bill 10 Dec 2026 — — 2026-12-10 — 2026-10-29
IN002026Y105 GoI 182-day T-Bill 10 Dec 2026 — — 2026-12-10 — 2026-08-21
IN002026X230 GoI 91-day T-Bill 10 Dec 2026 — — 2026-12-10 — 2026-11-06
TBILL_20261216_182D 182D T-Bill Mat Dec 2026 — — 2026-12-16 — 2026-06-17
TBILL_20261216_91D 91D T-Bill Mat Dec 2026 — — 2026-12-16 — 2026-09-16
IN002025Z385 GoI 364-day T-Bill 17 Dec 2026 — — 2026-12-17 — 2026-10-27
IN002026Y113 GoI 182-day T-Bill 17 Dec 2026 — — 2026-12-17 — 2026-07-15
IN002026X248 GoI 91-day T-Bill 17 Dec 2026 — — 2026-12-17 — 2026-11-04
TBILL_20261223_182D 182D T-Bill Mat Dec 2026 — — 2026-12-23 — 2026-06-24
TBILL_20261223_91D 91D T-Bill Mat Dec 2026 — — 2026-12-23 — 2026-09-23
IN002026Y121 GoI 182-day T-Bill 24 Dec 2026 — — 2026-12-24 — 2026-08-18
IN002026X255 GoI 91-day T-Bill 24 Dec 2026 — — 2026-12-24 — 2026-11-06
IN002025Z393 GoI 364-day T-Bill 25 Dec 2026 — — 2026-12-25 — 2026-10-21
TBILL_20261230_182D 182D T-Bill Mat Dec 2026 — — 2026-12-30 — 2026-07-01
TBILL_20261230_91D 91D T-Bill Mat Dec 2026 — — 2026-12-30 — 2026-09-30
IN002026Y139 GoI 182-day T-Bill 31 Dec 2026 — — 2026-12-31 — 2026-10-22
IN002026X263 GoI 91-day T-Bill 31 Dec 2026 — — 2026-12-31 — 2026-11-06
TBILL_20270106_182D 182D T-Bill Mat Jan 2027 — — 2027-01-06 — 2026-07-08
TBILL_20270106_91D 91D T-Bill Mat Jan 2027 — — 2027-01-06 — 2026-10-07
IN002025Z401 GoI 364-day T-Bill 07 Jan 2027 — — 2027-01-07 — 2026-11-06
IN002026Y147 GoI 182-day T-Bill 07 Jan 2027 — — 2027-01-07 — 2026-11-02
IN002026X271 GoI 91-day T-Bill 07 Jan 2027 — — 2027-01-07 — 2026-11-05
TBILL_20270113_182D 182D T-Bill Mat Jan 2027 — — 2027-01-13 — 2026-07-15
TBILL_20270113_91D 91D T-Bill Mat Jan 2027 — — 2027-01-13 5.73% 2026-10-14
IN002026Y154 GoI 182-day T-Bill 14 Jan 2027 — — 2027-01-14 — 2026-11-06
IN002026X289 GoI 91-day T-Bill 14 Jan 2027 — — 2027-01-14 — 2026-11-09
IN002025Z419 GoI 364-day T-Bill 15 Jan 2027 — — 2027-01-15 — 2026-10-01
TBILL_20270120_182D 182D T-Bill Mat Jan 2027 — — 2027-01-20 — 2026-07-22
IN002025Z427 GoI 364-day T-Bill 21 Jan 2027 — — 2027-01-21 — 2026-08-31
IN002026Y162 GoI 182-day T-Bill 21 Jan 2027 — — 2027-01-21 — 2026-09-22
TBILL_20270127_182D 182D T-Bill Mat Jan 2027 — — 2027-01-27 — 2026-07-29
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

More bonds from this issuer (102)
06

Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
989
Avg. Yield (Last 30 Days)
7.35%
07

Regulatory Filings

No regulatory filings captured yet for this issuer.

08

Methodology & Data Coverage

DatasetCountFreshness
Credit Ratings (current) 0 —
Rating Actions History 0 —
Secondary-Market Trades 5220 2026-11-09
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

Disclaimer: This page aggregates publicly available data about Government of India for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.