Fixed Alpha
AAA

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

HDFC Bank Limited

INE040A08773· Listed on BSE

7.84%

Yield

Tenure

5Y 11M 22D

Maturity Date

06 Sep 2032

Coupon Frequency

Annual

Face Value

₹10,00,000

Nature

Secured

Coupon Rate

7.80%

About the Issuer

HDFC Bank, founded in 1995, is one of India's largest private sector banks with a strong presence in retail and corporate banking, offering loans, credit cards, and investment services, and has expanded through acquisitions such as Centurion Bank of Punjab as well as international operations in Bahrain, Kenya, Qatar, and the UAE, along with representative offices in Dubai, London, and Singapore and an Offshore Banking Unit at IFSC in GIFT City, Gujarat. Originally promoted by Housing Development Finance Corporation (HDFC) and grown further through its merger with HDFC, the bank is a leader in car and commercial vehicle financing and provides insurance, broking, and asset management and advisory services through its subsidiaries, backed by strong governance, a dominant market position, a vast branch network, and continued expansion into semi-urban and rural areas.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Sep '23Coupon

₹78,000

Sep '24Coupon

₹78,000

Sep '25Coupon

₹78,000

Sep '26Coupon

₹78,000

Sep '27Coupon

₹78,000

Sep '28Coupon

₹78,000

Sep '29Coupon

₹78,000

Sep '30Coupon

₹78,000

Sep '31Coupon

₹78,000

Sep '32Coupon + Principal

₹10,78,000

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

HDFC Bank Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE040A08773If that does not work, try its BSE scrip code:BSE974152
  2. Enter the quantity required.
  3. Enter following Price:₹9,99,873.99This is the Price at which you will earn Fixed Returns (Yield) of 7.84% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.