NTPC Tax-Free 7.37% 2031
NTPC Limited
ISIN: INE053F07472 · NSE/BSE
CRISIL/ICRA
Coupon Rate
7.37%
Annual
Yield (YTM)
5.88%
Yield to Maturity
Current Price
₹1,168.0
Face ₹1,000
Maturity Date
22 Oct 2031
5+ yrs
Updated: 13 Jul 2026 05:00 IST
TopFund Analysis
This bond yields 5.88% to maturity. AAA is the highest domestic credit rating a corporate/PSU bond can carry, indicating the lowest relative default risk in that category for NTPC Limited — though "lowest relative risk" isn't "zero risk," especially over its remaining 5.1 years. On a face value of ₹1000, the 7.37% coupon works out to roughly ₹73.7 a year, paid annually — before any tax on that income. As a tax-free bond, the coupon income itself is exempt from income tax under Section 10(15) — that's the main reason its headline coupon rate is usually lower than a comparable taxable bond; compare post-tax yields, not just the sticker rate, when weighing this against a taxable alternative.
Annual Income Estimator
Annual Interest Income
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Tax-Free Income
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* Based on coupon rate of 7.37%. Actual returns may vary based on purchase price.
Bond Details
ISIN
INE053F07472
Issuer
NTPC Limited
Bond Type
Tax-Free
Face Value
₹1,000
Issue Date
22 Oct 2016
Maturity Date
22 Oct 2031
Coupon Rate
7.37% p.a.
Payment Frequency
Annual
Exchange
NSE/BSE
Min Investment
₹5,000
Credit Rating
AAA (CRISIL/ICRA)
Tax Status
Tax-Free
Secured
Yes
Status
Active
About this Bond
NTPC tax-free bonds. India's largest power producer. Interest fully tax-exempt under Section 10(15)(iv)(h).
More Tax-Free Bonds
Frequently Asked Questions about NTPC Tax-Free 7.37% 2031
NTPC Tax-Free 7.37% 2031 has a yield to maturity (YTM) of 5.88%, with a coupon rate of 7.37% p.a., maturing October 2031.
NTPC Tax-Free 7.37% 2031 is rated AAA by CRISIL/ICRA, issued by NTPC Limited.
The minimum investment for NTPC Tax-Free 7.37% 2031 is ₹5,000. Interest earned is tax-free under Section 10(15)(iv)(h).
NTPC Tax-Free 7.37% 2031 pays interest annual, at a coupon rate of 7.37% per annum on the face value of ₹1,000.
NTPC Tax-Free 7.37% 2031 is a secured bond rated AAA by CRISIL/ICRA, the highest safety rating. Secured bonds are backed by specific collateral, reducing default risk relative to unsecured debt. 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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