Indel Money Limited
Indel Money Limited is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11%.
Data as of 11 Sept 2026
How this yield compares
About this bond
Indel Money Limited is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11%. It pays a coupon of 11% and matures on 30 Mar 2028, a remaining tenure of about 1.5 yr. It is rated A-, an adequate credit-safety grade. Jiraaf lists this bond with a minimum investment of ₹10K.
Its 11% yield is well above the market average, ranking 85th of 265 Corporate bonds we list. That is 0.50 percentage points above the Corporate median of 10.50% - a clear yield premium over the typical peer. Against a tenure-matched SBI fixed deposit (6.50%), it pays roughly 4.50 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 1.5 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 Indel Money (INE0BUS07CQ7) at 12.4%, Indel Money (INE0BUS07CT1) at 12.25% and Indel Money (INE0BUS07CS3) at 10.63%.
About Indel Money
Indel Money Limited is a non-deposit-taking NBFC incorporated in 1986 as Payal Holdings Private Limited, acquired by its current promoters in July 2012 and renamed Indel Money in January 2013. It is headquartered in Mumbai and is wholly owned by Indel Corporation Private Limited. Gold loans make up the large majority of its portfolio, alongside business loans, loans against property and other secured lending, run through branches across Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Odisha and Maharashtra.
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% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.5 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 11.00% | ₹1,17,542 |
| 5% slab | 10.45% | ₹1,16,642 |
| 20% slab | 8.80% | ₹1,13,954 |
| 30% slab | 7.70% | ₹1,12,175 |
At a 11% coupon, ₹1,00,000 of face value pays about ₹11,000 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,100 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 1.5 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.