Cumulative Bonds
4 bonds that pay no interest during the tenure and settle it in one lump sum at maturity, from 4 issuers, yielding 8.25% to 13.75% (average 11.2%). Nothing is paid out along the way, so the whole return arrives as one payment and there is no coupon to reinvest at an uncertain future rate. Sorted by yield to maturity, with coupon, credit rating, tenure and minimum investment shown together.
Frequently asked questions
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Set an amount, pick a horizon - the planner spreads it across maturing bonds.
Plan your bond ladderWhich cumulative bonds are listed in India?
RightBonds lists 4 cumulative bonds as of Oct 2026, yielding 8.25% to 13.75%. The highest-yielding are Cyqure India, Wint Capital and Midland Microfin. The schedule is set by the issuer at the time of issue and cannot be changed by the platform you buy on.
When does a cumulative bond pay out?
Once, at maturity. Interest accrues through the tenure and is repaid with the principal on the redemption date, which is why the amount payable today is well above the face value on many of these listings. There is no periodic income to draw on and nothing to reinvest along the way.
Does payout frequency change what a bond earns?
Yes, in your favour on paper: interest compounds inside the bond instead of being paid out, so nothing depends on the rate you could get reinvesting a coupon. The trade is liquidity, since you receive nothing until maturity, and tax, since the interest is still taxable as it accrues.