GOVERNMENT OF INDIA

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Earn up to 12.85% p.a.

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IN0020220029 is Out of Stock

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IN0020220029 - Bond Details

Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

10Y 2M 4Days

Payment Terms

Half-Yearly

About Issuer

India's bond market is flourishing, driven by a need for infrastructure development, as seen in the oversubscription of State Bank of India's Rs. 10,000 crore infrastructure bonds by more than 5 times.

Green bonds are gaining traction, with the Government of India issuing $1 billion worth in 2023, revealing a strong demand among institutional and retail investors. Global recognition followed as JP Morgan included Indian Government Bonds in its Emerging Market Government Bond Index.

Over the last decade, government securities (G-Secs) and corporate bonds in India surged by over 165%, accompanied by regulatory reforms to boost retail participation.

SEBI's measures to limit International Securities Identification Numbers for private placement debt securities aim to enhance corporate bond market liquidity. Corporate bonds outstanding rose from Rs 16.49 lakh crore in 2014 to Rs 44.16 lakh crore in 2023, while government borrowings through G-Secs increased to Rs 15.43 lakh crore in FY24 from Rs 5.79 lakh crore in FY14.

These developments underscore India's position as a significant player in the landscape of global finance in the bond market.

Financials

As per current prices and exchange rates, India is projected to be a $3.7 trillion economy in 2023, retaining its position as the fifth-largest economy globally, surpassing the United Kingdom.

Total Annual Revenue

Year of Inception

1947

Industry

GOI

Head Office

New Delhi

Type of Issuer

GOI

Current MD/CEO

Credit Rating / Outlook

Other Important Details & Disclosures

Issuer Name

GOVERNMENT OF INDIA

Security Name

7.54% GOVERNMENT OF INDIA 23-May-2036

ISIN

Copy

IN0020220029

Face Value

₹ 100

Issued FV

₹ 100

Coupon Rate

7.54%

Coupon Type

FIXED

Payment Terms

Half-Yearly

Maturity Date

23-May-2036

Clean Price

₹ 101

Dirty Price

Current Yield

7.4653%

Yield to Call

7.3962%

Yield to Maturity

7.5329%

Mode of Issue

Private Placement

Date of Issue

23-May-2022

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

Perpetual

Trustee Details

Registrar Details

Looking For More Information ?

Request Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: NA

This bond is
currently out of stock

Download Cashflow

FAQs about GOVERNMENT OF INDIA bonds

How to buy this GOVERNMENT OF INDIA bond online?

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What is the yield of this GOVERNMENT OF INDIA bond?

undefined% is the current yield of this GOVERNMENT OF INDIA bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this GOVERNMENT OF INDIA bond is undefined%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this GOVERNMENT OF INDIA bond?

To redeem this GOVERNMENT OF INDIA bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this GOVERNMENT OF INDIA bond is generally simple and straightforward. Contact our support team for more information.

Is this GOVERNMENT OF INDIA bond tax-free?

No, this GOVERNMENT OF INDIA bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this GOVERNMENT OF INDIA bond before the maturity date?

Yes, it is possible to sell this GOVERNMENT OF INDIA bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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GOVERNMENT OF INDIA

GOVERNMENT OF INDIA

IN0020220029 - Bond Details

About Issuer