GOI Loan
GOI Loan is a government security (G-Sec) issued by the Reserve Bank of India on behalf of the Government of India, currently offering a yield to maturity (YTM) of 5.6%.
Data as of 11 Sept 2026
5% above face value
You pay ₹105 against a face value of ₹100, about 5% more. Part of any premium is simply interest accrued since the last coupon, but on this bond that can account for at most about 4% - it pays semi-annual at a 7.06% coupon. The remainder is a genuine premium: you are paying above face for the yield on offer, and your capital at risk is the full ₹105, not the face value.
How this yield compares
About this bond
GOI Loan is a government security (G-Sec) issued by the Reserve Bank of India on behalf of the Government of India, currently offering a yield to maturity (YTM) of 5.6%. It pays a coupon of 7.06% and matures on 10 Apr 2028, a remaining tenure of about 1.6 yr. It is rated SOV, a sovereign instrument carrying the credit of the Government of India. GripInvest lists this bond with a minimum investment of ₹105.
Its 5.6% yield is on the conservative side, sitting 3rd of 4 comparable G-Sec bonds. That lands just under the G-Sec median of 5.67%. Notably, a tenure-matched SBI fixed deposit (6.50%) actually yields about 0.90 points more, so the case here rests on factors other than raw yield. Its short 1.6 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its highest safety (SOV) rating, that leans toward the safety-first end. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at GOI Loan (IN0020240167) at 7%, GOI Loan (IN0020250141) at 5.75% and GOI Loan (IN0020220037) at 5.4%.
About GOI Loan
GOI Loan securities are dated Government of India securities, commonly called G-secs, which are debt instruments issued by the central government to fund its borrowing programme. They are issued through auctions conducted by the Reserve Bank of India on its E-Kuber electronic platform, and the tenor of dated securities generally ranges from 5 years to 40 years. Interest is paid on a half-yearly basis at a fixed or floating coupon, and the principal is repaid at par on maturity. These securities acknowledge the direct debt obligation of the sovereign, and the RBI describes them as carrying practically no risk of default, which is why they are known as gilt-edged instruments. Major holders include commercial banks, primary dealers, insurance companies and provident funds, and retail investors can participate in auctions through the non-competitive bidding facility. This bond is issued under the legal name Government of India.
Bond details
What you keep after tax
Interest on a listed corporate bond is added to your income and taxed at your slab, so the 5.6% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.6 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 5.60% | ₹1,08,984 |
| 5% slab | 5.32% | ₹1,08,528 |
| 20% slab | 4.48% | ₹1,07,165 |
| 30% slab | 3.92% | ₹1,06,259 |
At a 7.06% coupon, ₹1,00,000 of face value pays about ₹7,060 of interest a year, under the ₹10,000 Section 193 threshold, so no TDS is withheld.
Slab rates only - surcharge and cess are not included, and the figures assume you hold to maturity. Sold on the exchange after 12 months instead, the gain is taxed as long-term capital gains at 12.5%. Not tax advice.
Against a fixed deposit, in rupees
Same ₹1,00,000, same 1.6 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.50%.
Bond figure compounds the yield annually; the FD compounds quarterly, as a cumulative bank FD does. Both are pre-tax and assume the bond is held to maturity and the issuer pays in full - the SOV credit risk is the reason for the gap.