CreditAccess Grameen Sep ’28
CreditAccess Grameen Sep ’28 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.2%.
Data as of 20 Oct 2026
How this yield compares
About this bond
CreditAccess Grameen Sep ’28 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.2%. It pays a coupon of 9.15% and matures on 30 Sept 2028, a remaining tenure of about 1.9 yr. It is rated AA-, a high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹2.0L.
Its 9.2% yield is solid for its risk band, sitting 231st of 319 comparable Corporate bonds. That trails the Corporate median of 10.50% by 1.30 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.50%, so this bond adds roughly 2.70 points for taking on credit risk. Its short 1.9 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 CreditAccess Grameen (INE741K07579) at 8.75%, CreditAccess Grameen (INE741K07629) at 8.5% and IIFL Samasta (INE413U08093) at 11.5%.
About CreditAccess Grameen
CreditAccess Grameen Limited is India largest microfinance lender by portfolio. Registered in 1991 and lending since 1998, it extends small, unsecured loans to roughly 4.4 million customers through the joint-liability group model, where borrowers guarantee each other rather than pledging collateral. Customers are mainly farmers, dairy farmers, vendors and small traders. It operates 2,209 branches across 17 states and one union territory, with Karnataka, Maharashtra and Tamil Nadu accounting for about 71% of the portfolio between them, and is 66.54% owned by CreditAccess India N.V. The company reported a profit after tax of Rs 531 crore in FY25. Microfinance is unsecured lending to low-income borrowers and asset quality moves with local stress: reported gross NPA was 4.76% in March 2025 before improving to 3.65% by September.
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 9.2% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.9 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 9.20% | ₹1,18,685 |
| 5% slab | 8.74% | ₹1,17,714 |
| 20% slab | 7.36% | ₹1,14,824 |
| 30% slab | 6.44% | ₹1,12,916 |
At a 9.15% coupon, ₹1,00,000 of face value pays about ₹9,150 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 1.9 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.
When you get paid
Interest lands 4 times a year, in Jan, Apr, Jul, Oct, with about 8 payments still to come before 30 Sept 2028, each at the 9.15% 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.
