InCred Financial Services Limited
InCred Financial Services Limited is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.6%.
Data as of 26 Oct 2026
How this yield compares
About this bond
InCred Financial Services Limited is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.6%. It pays a coupon of 9.6% and matures on 6 Mar 2028, a remaining tenure of about 1.4 yr. It is rated AA-, a high credit-safety grade. Jiraaf lists this bond with a minimum investment of ₹1.0L.
Its 9.6% yield is solid for its risk band, sitting 204th of 315 comparable Corporate bonds. That trails the Corporate median of 10.40% by 0.80 points, so the trade-off is lower yield for whatever else this issuer offers. Against a tenure-matched SBI fixed deposit (6.50%), it pays roughly 3.10 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 1.4 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its very high safety (AA-) 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 InCred Finance (INE321N07756) at 9.55%, InCred Finance (INE321N07699) at 9.5% and InCred Finance (INE321N07590) at 9%.
About InCred Finance
InCred Financial Services Limited is a retail-focused NBFC incorporated in 2016 and built around technology-led underwriting. It merged with KKR India Financial Services in August 2022, which brought the KKR India lending book into the group. The loan book is weighted towards unsecured retail credit: personal loans are the largest segment at roughly half of assets under management, followed by student loans at about a quarter, with anchor and escrow-backed business loans, lending to other financial institutions, secured school financing and loan against property making up the rest. Capitalisation is the agency-cited strength, with a capital adequacy ratio well above the regulatory floor. This bond is issued under the legal name InCred Financial Services 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 9.6% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.4 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 9.60% | ₹1,13,283 |
| 5% slab | 9.12% | ₹1,12,608 |
| 20% slab | 7.68% | ₹1,10,591 |
| 30% slab | 6.72% | ₹1,09,252 |
At a 9.6% coupon, ₹1,00,000 of face value pays about ₹9,600 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 1.4 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 AA- credit risk is the reason for the gap.
