Kotak Mahindra Bank 7.65% 2028
Kotak Mahindra Bank
ISIN: INE514E08EX9 · NSE/BSE
CRISIL/ICRA
Coupon Rate
7.65%
Annual
Yield (YTM)
7.58%
Yield to Maturity
Current Price
₹1,004.2
Face ₹1,000
Maturity Date
25 Sep 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%. AAA is the highest domestic credit rating a corporate/PSU bond can carry, indicating the lowest relative default risk in that category for Kotak Mahindra Bank — though "lowest relative risk" isn't "zero risk," especially over its remaining 2.0 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
—
Post-Tax (30% slab)
—
* Based on coupon rate of 7.65%. Actual returns may vary based on purchase price.
Bond Details
ISIN
INE514E08EX9
Issuer
Kotak Mahindra Bank
Bond Type
Bank
Face Value
₹1,000
Issue Date
25 Sep 2023
Maturity Date
25 Sep 2028
Coupon Rate
7.65% p.a.
Payment Frequency
Annual
Exchange
NSE/BSE
Min Investment
₹10,000
Credit Rating
AAA (CRISIL/ICRA)
Tax Status
Taxable
Secured
No
Status
Active
About this Bond
Kotak Mahindra Bank 7.65% 2028 is a Bank bond issued by Kotak Mahindra Bank. It carries a coupon rate of 7.65% per annum, paid annually, matures on 25 September 2028. It carries an AAA credit rating from CRISIL/ICRA. This is a unsecured bond, and the interest is taxable.
More Bank Bonds
Frequently Asked Questions about Kotak Mahindra Bank 7.65% 2028
Kotak Mahindra Bank 7.65% 2028 has a yield to maturity (YTM) of 7.58%, with a coupon rate of 7.65% p.a., maturing September 2028.
Kotak Mahindra Bank 7.65% 2028 is rated AAA by CRISIL/ICRA, issued by Kotak Mahindra Bank.
The minimum investment for Kotak Mahindra Bank 7.65% 2028 is ₹10,000. Interest earned is taxable at your income slab rate.
Kotak Mahindra Bank 7.65% 2028 pays interest annual, at a coupon rate of 7.65% per annum on the face value of ₹1,000.
Kotak Mahindra Bank 7.65% 2028 is an unsecured bond rated AAA by CRISIL/ICRA, the highest safety rating. 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.
Discussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.