{"id":15536,"date":"2026-08-13T16:00:09","date_gmt":"2026-08-13T10:30:09","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=15536"},"modified":"2026-08-12T16:13:27","modified_gmt":"2026-08-12T10:43:27","slug":"bond-pricing-explained-clean-price-dirty-price-accrued-interest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/bond-news\/bond-pricing-explained-clean-price-dirty-price-accrued-interest\/","title":{"rendered":"Bond Pricing Explained: Clean Price, Dirty Price & Accrued Interest"},"content":{"rendered":"
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\ud83d\udcdd Quick Summary:<\/div>\n

<\/span>Bond prices you see quoted aren’t always the price you actually pay. This guide breaks down clean price, dirty price, and accrued interest, the three concepts every Indian bond investor needs before buying G-Secs, corporate bonds, or NCDs on platforms like RBI Retail Direct, NSE goBID, and OBPPs.<\/strong><\/span><\/h2>\n<\/div>\n\n\n

Open a bond quote on your demat app, and you will see one number. Buy the bond, and you will find the amount debited differs from the quoted price. The difference you see is not a fee or a mistake; it’s accrued interest, and knowing this will help you better understand bond prices. Whether it’s buying government securities, purchasing corporate NCDs, or understanding a bond fund’s NAV, the concepts of clean price, dirty price, and accrued interest are all interconnected. They’re not complicated once you see the logic, so let’s unpack them one at a time, with the numbers as they stand in India today.<\/p>

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