NHAI Tax-Free 8.20% 2029
National Highways Authority of India
ISIN: INE134E07CK9 · NSE/BSE
CRISIL/ICRA
Coupon Rate
8.2%
Annual
Yield (YTM)
6.05%
Yield to Maturity
Current Price
₹1,230.5
Face ₹1,000
Maturity Date
25 Nov 2029
3-5 yrs
Updated: 13 Jul 2026 05:00 IST
TopFund Analysis
This bond yields 6.05% 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 National Highways Authority of India — though "lowest relative risk" isn't "zero risk," especially over its remaining 3.2 years. On a face value of ₹1000, the 8.2% coupon works out to roughly ₹82.0 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
—
Tax-Free Income
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* Based on coupon rate of 8.2%. Actual returns may vary based on purchase price.
Bond Details
ISIN
INE134E07CK9
Issuer
National Highways Authority of India
Bond Type
Tax-Free
Face Value
₹1,000
Issue Date
25 Nov 2014
Maturity Date
25 Nov 2029
Coupon Rate
8.2% 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
NHAI Tax-Free 8.20% 2029 is a Tax-Free bond issued by National Highways Authority of India. It carries a coupon rate of 8.2% per annum, paid annually, matures on 25 November 2029. It carries an AAA credit rating from CRISIL/ICRA. This is a secured bond, and interest is tax-free.
More Tax-Free Bonds
Frequently Asked Questions about NHAI Tax-Free 8.20% 2029
NHAI Tax-Free 8.20% 2029 has a yield to maturity (YTM) of 6.05%, with a coupon rate of 8.2% p.a., maturing November 2029.
NHAI Tax-Free 8.20% 2029 is rated AAA by CRISIL/ICRA, issued by National Highways Authority of India.
The minimum investment for NHAI Tax-Free 8.20% 2029 is ₹5,000. Interest earned is tax-free under Section 10(15)(iv)(h).
NHAI Tax-Free 8.20% 2029 pays interest annual, at a coupon rate of 8.2% per annum on the face value of ₹1,000.
NHAI Tax-Free 8.20% 2029 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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