Punjab National Bank 7.65% 2028
Punjab National Bank
ISIN: INE112A07ME5 · NSE/BSE
CRISIL/CARE
Coupon Rate
7.65%
Annual
Yield (YTM)
7.58%
Yield to Maturity
Current Price
₹1,003.9
Face ₹1,000
Maturity Date
20 Jun 2028
1-3 yrs
Updated: 13 Jul 2026 05:00 IST
TopFund Analysis
At 7.58% yield to maturity, this bond is roughly in line with the 4 other Bank bonds in the 1-3 yrs maturity bracket, which average 7.6%. A AA+ rating from Punjab National Bank sits just below AAA — generally considered high credit quality, with marginally more default risk than a AAA-rated instrument over its remaining 1.7 years. On a face value of ₹1000, the 7.65% coupon works out to roughly ₹76.5 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 7.65%. Actual returns may vary based on purchase price.
Bond Details
ISIN
INE112A07ME5
Issuer
Punjab National Bank
Bond Type
Bank
Face Value
₹1,000
Issue Date
20 Jun 2023
Maturity Date
20 Jun 2028
Coupon Rate
7.65% p.a.
Payment Frequency
Annual
Exchange
NSE/BSE
Min Investment
₹10,000
Credit Rating
AA+ (CRISIL/CARE)
Tax Status
Taxable
Secured
No
Status
Active
About this Bond
Punjab National Bank 7.65% 2028 is a Bank bond issued by Punjab National Bank. It carries a coupon rate of 7.65% per annum, paid annually, matures on 20 June 2028. It carries an AA+ credit rating from CRISIL/CARE. This is a unsecured bond, and the interest is taxable.
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Frequently Asked Questions about Punjab National Bank 7.65% 2028
Punjab National Bank 7.65% 2028 has a yield to maturity (YTM) of 7.58%, with a coupon rate of 7.65% p.a., maturing June 2028.
Punjab National Bank 7.65% 2028 is rated AA+ by CRISIL/CARE, issued by Punjab National Bank.
The minimum investment for Punjab National Bank 7.65% 2028 is ₹10,000. Interest earned is taxable at your income slab rate.
Punjab National Bank 7.65% 2028 pays interest annual, at a coupon rate of 7.65% per annum on the face value of ₹1,000.
Punjab National Bank 7.65% 2028 is an unsecured bond rated AA+ by CRISIL/CARE. 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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