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Calculator
Price, coupon and maturity in — one annualised yield out. Your numbers, no feed.
Half-yearly coupons, nominal half-yearly compounding (G-sec convention). Enter your own coupon — never a quoted yield.
7.00% YTM
Discount (price below face) lifts YTM above the coupon; premium pulls it below. Coupons are pre-tax — interest is taxed at slab.
A ₹1,00,000-face bond with a 7% coupon and 10 years left, bought at face value, yields 7.00% to maturity. Enter the face, coupon, years and the price you pay to see the annualised yield.
Each half-yearly coupon plus the face at maturity is discounted at the solved yield (nominal half-yearly compounding, the G-sec convention) until the present value equals the price — solved by bisection to two decimals.
Clean price (no accrued interest); coupons pre-tax since interest is taxed at slab. Your coupon is an assumption, never a quoted yield.
A discount price (below face) lifts the yield above the coupon; a premium price pulls it below. At face value the two match exactly.
No. There is no bond-price feed here — you enter the price, so the yield is only as honest as your input.
YTM: it folds price, coupons and maturity into one annualised number. A high coupon at a steep premium can still be a poor yield.
Reviewed 24 Sept 2026. Yields move — the RBI portal, CCIL and the tax department are the authority, and this hub links straight to them.