EarlySalary Services Aug ’28
How this yield compares
About this bond
EarlySalary Services Aug ’28 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11.05%. It pays a coupon of 10.5% and matures on 8 Aug 2028, a remaining tenure of about 2.0 yr. It is rated A-, an adequate credit-safety grade. BondScanner lists this bond with a minimum investment of ₹100K.
Its 11.05% yield is well above the market average, ranking 65th of 165 Corporate bonds we list. That edges 0.30 points past the Corporate median of 10.75%. Against a tenure-matched SBI fixed deposit (6.65%), it pays roughly 4.40 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 2.0 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its high safety (A-) 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 Fibe (EarlySalary) (INE01YL07466) at 11.2999%, Fibe (EarlySalary) (INE01YL07433) at 11.2% and Fibe (EarlySalary) (INE01YL07441) at 11.12%.
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 11.05% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 2.0 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 11.05% | ₹1,23,490 |
| 5% slab | 10.50% | ₹1,22,256 |
| 20% slab | 8.84% | ₹1,18,593 |
| 30% slab | 7.74% | ₹1,16,181 |
At a 10.5% coupon, ₹1,00,000 of face value pays about ₹10,500 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,050 a year is withheld as TDS - adjustable against your final liability, not an extra tax.
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 2.0 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.65%.
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 A- credit risk is the reason for the gap.
When you get paid
Interest lands every month, with about 25 payments still to come before 8 Aug 2028, each at the 10.5% coupon rate.
Payment months come from the issuer's schedule. Exact dates within the month, and the amount per payment, depend on the face value of the units you buy - check the term sheet on BondScanner before investing.