HDFC Bank
HDFC Bank is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 7.5%.
Data as of 22 Oct 2026
How this yield compares
About this bond
HDFC Bank is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 7.5%. It pays a coupon of 7.8% and matures on 3 May 2033, a remaining tenure of about 6.5 yr. It is rated AAA, the highest credit-safety grade. WintWealth lists this bond with a minimum investment of ₹1.1L.
Its 7.5% yield is on the conservative side, toward the lower end at 309th of 313 Corporate bonds. That trails the Corporate median of 10.45% by 2.95 points, so the trade-off is lower yield for whatever else this issuer offers. It yields only about 0.95 points over a comparable SBI fixed deposit (6.55%), so weigh the extra credit risk carefully. Its medium 6.5 yr horizon balances rate lock-in against flexibility. Paired with its highest safety (AAA) 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 Aditya Birla Capital (INE674K08083) at 8.1%, Jio Credit (INE282H07125) at 8% and Bajaj Finance (INE296A07UC7) at 7.85%.
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 7.5% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 6.5 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 7.50% | ₹1,60,355 |
| 5% slab | 7.13% | ₹1,56,738 |
| 20% slab | 6.00% | ₹1,46,297 |
| 30% slab | 5.25% | ₹1,39,669 |
At a 7.8% coupon, ₹1,00,000 of face value pays about ₹7,800 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 6.5 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.55%.
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 AAA credit risk is the reason for the gap.
When you get paid
Interest lands once a year, in Apr, with about 7 payments still to come before 3 May 2033, each at the 7.8% 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 WintWealth before investing.
