Canara Bank 7.75% 2029
Canara Bank
ISIN: INE040A07DC5 · NSE/BSE
CRISIL
Coupon Rate
7.75%
Annual
Yield (YTM)
7.68%
Yield to Maturity
Current Price
₹1,004.6
Face ₹1,000
Maturity Date
28 Mar 2029
1-3 yrs
Updated: 13 Jul 2026 05:00 IST
TopFund Analysis
At 7.68% yield to maturity, this bond is roughly in line with the 4 other Bank bonds in the 1-3 yrs maturity bracket, which average 7.57%. A AA+ rating from Canara Bank sits just below AAA — generally considered high credit quality, with marginally more default risk than a AAA-rated instrument over its remaining 2.5 years. On a face value of ₹1000, the 7.75% coupon works out to roughly ₹77.5 a year, paid annually — before any tax on that income.
Annual Income Estimator
Annual Interest Income
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Post-Tax (30% slab)
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* Based on coupon rate of 7.75%. Actual returns may vary based on purchase price.
Bond Details
ISIN
INE040A07DC5
Issuer
Canara Bank
Bond Type
Bank
Face Value
₹1,000
Issue Date
28 Mar 2024
Maturity Date
28 Mar 2029
Coupon Rate
7.75% p.a.
Payment Frequency
Annual
Exchange
NSE/BSE
Min Investment
₹10,000
Credit Rating
AA+ (CRISIL)
Tax Status
Taxable
Secured
No
Status
Active
About this Bond
Canara Bank 7.75% 2029 is a Bank bond issued by Canara Bank. It carries a coupon rate of 7.75% per annum, paid annually, matures on 28 March 2029. It carries an AA+ credit rating from CRISIL. This is a unsecured bond, and the interest is taxable.
More Bank Bonds
Frequently Asked Questions about Canara Bank 7.75% 2029
Canara Bank 7.75% 2029 has a yield to maturity (YTM) of 7.68%, with a coupon rate of 7.75% p.a., maturing March 2029.
Canara Bank 7.75% 2029 is rated AA+ by CRISIL, issued by Canara Bank.
The minimum investment for Canara Bank 7.75% 2029 is ₹10,000. Interest earned is taxable at your income slab rate.
Canara Bank 7.75% 2029 pays interest annual, at a coupon rate of 7.75% per annum on the face value of ₹1,000.
Canara Bank 7.75% 2029 is an unsecured bond rated AA+ by CRISIL. Unsecured bonds rely on the issuer's general creditworthiness rather than pledged collateral. Credit ratings can change over the bond's tenure — always check the latest rating before investing.
Bond data is for informational purposes only. Prices and yields are indicative. TopFund is not SEBI-registered. Consult a registered advisor before investing.
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