EarlySalary Services Oct ’28
EarlySalary Services Oct ’28 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.8%.
Data as of 20 Oct 2026
How this yield compares
About this bond
EarlySalary Services Oct ’28 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.8%. It pays a coupon of 10.5% and matures on 4 Oct 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 10.8% yield is well above the market average, ranking 130th of 319 Corporate bonds we list. That edges 0.30 points past the Corporate median of 10.50%. Against a tenure-matched SBI fixed deposit (6.50%), it pays roughly 4.30 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) (INE01YL07417) at 11.15%, Fibe (EarlySalary) (INE01YL07433) at 11.1% and Fibe (EarlySalary) (INE01YL07458) at 11.05%.
About Fibe (EarlySalary)
Earlysalary Services Private Limited, which lends under the brand Fibe (formerly EarlySalary), is a systemically important NBFC financing unsecured consumer loans to salaried borrowers through a fully digital, branchless app. The legal entity was incorporated in 1994 as Ashish Securities Private Limited and was repositioned into digital consumer lending around 2015. It is a subsidiary of Social Worth Technologies Private Limited, which owns the lending app, credit engine and technology platform, and the group is backed by private equity investors including TPG, Norwest and Eight Roads. The company is headquartered in Pune and lends across India. This bond is issued under the legal name Earlysalary Services Private Limited.
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 10.8% 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) | 10.80% | ₹1,22,230 |
| 5% slab | 10.26% | ₹1,21,067 |
| 20% slab | 8.64% | ₹1,17,610 |
| 30% slab | 7.56% | ₹1,15,332 |
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 6.50%.
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 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 4 Oct 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.
