Tax-Free Bonds in India
Our dataset lists 365 tax-free bonds from 116 issuers. The average disclosed coupon is 9.72%. Indicative yields (computed from disclosed terms at face value, available for 227 of these bonds) range from 0.00% to 20.86%, with a median of 8.65%. The most frequent issuers here are Dicopa Healthcare Private Limited, India Infrastructure Finance Company Limited, Housing and Urban Development Corporation Limited.
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| Issuer | Coupon | Indicative yield | Maturity |
|---|---|---|---|
| Power Finance Corporation LimitedAAAINE134E07463 | 8.92% | 8.90%Annual | 16 Nov 20337.3 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07448 | 8.79% | 8.75%Annual | 16 Nov 20282.3 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07455 | 8.67% | 8.65%Annual | 16 Nov 20337.3 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07430 | 8.54% | 8.50%Annual | 16 Nov 20282.3 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07380 | 8.46% | 8.44%Annual | 30 Aug 20282.1 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07208 | 8.30% | 8.15%Annual | 1 Feb 20277 months · tax-free |
| Power Finance Corporation LimitedAAAINE134E07141 | 8.16% | 7.95%Annual | 25 Nov 20264 months · tax-free |
| Power Finance Corporation LimitedAAAINE134E07588 | 7.60% | 7.59%Annual | 17 Oct 20359.3 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07125 | 7.75% | 7.53%Annual | 15 Oct 20263 months · tax-free |
| Power Finance Corporation LimitedAAAINE134E07562 | 7.52% | 7.51%Annual | 17 Oct 20304.3 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07570 | 7.35% | 7.34%Annual | 17 Oct 20359.3 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07307 | 7.38% | 7.33%Annual | 22 Nov 20271.4 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07323 | 7.38% | 7.33%Annual | 29 Nov 20271.4 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07349 | 7.36% | 7.31%Annual | 4 Jan 20281.5 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07554 | 7.27% | 7.26%Annual | 17 Oct 20304.3 yrs · tax-free |
| Power Finance Corporation LimitedAAAINE134E07364 | – | Not quotedAnnual | 28 Mar 20281.7 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07728 | 8.63% | 8.60%Annual | 26 Mar 20292.7 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07694 | 8.55% | 8.51%Annual | 10 Feb 20292.6 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07702 | 8.55% | 8.51%Annual | 12 Feb 20292.6 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07645 | 8.48% | 8.44%Annual | 27 Nov 20282.4 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07660 | 8.40% | 8.36%Annual | 18 Feb 20292.6 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07900 | 7.64% | 7.62%Annual | 22 Mar 20314.7 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07884 | 7.35% | 7.34%Annual | 22 Mar 20314.7 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07801 | 7.28% | 7.26%Annual | 21 Dec 20304.4 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07819 | 7.25% | 7.24%Annual | 21 Dec 20359.4 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07538 | – | Not quotedAnnual | 23 Feb 20277 months · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07579 | – | Not quotedAnnual | 19 Feb 20281.6 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07595 | – | Not quotedAnnual | 23 Mar 20281.7 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07686 | – | Not quotedAnnual | 18 Feb 20292.6 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07744 | – | Not quotedAnnual | 26 Mar 20292.7 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07835 | – | Not quotedAnnual | 21 Dec 20304.4 yrs · tax-free |
| Indian Railway Finance Corporation LimitedAAAINE053F07843 | – | Not quotedAnnual | 21 Dec 20359.4 yrs · tax-free |
| National Bank for Agriculture and Rural DevelopmentAAAINE261F07032 | 7.64% | 7.62%Annual | 23 Mar 20314.7 yrs · tax-free |
| National Bank for Agriculture and Rural DevelopmentAAAINE261F07057 | 7.35% | 7.34%Annual | 23 Mar 20314.7 yrs · tax-free |
| NHPC LimitedAAAINE848E07567 | 8.92% | 8.90%Annual | 2 Nov 20337.3 yrs · tax-free |
| NHPC LimitedAAAINE848E07559 | 8.79% | 8.75%Annual | 2 Nov 20282.3 yrs · tax-free |
| NHPC LimitedAAAINE848E07534 | 8.67% | 8.66%Annual | 2 Nov 20337.3 yrs · tax-free |
| NHPC LimitedAAAINE848E07526 | 8.54% | 8.50%Annual | 2 Nov 20282.3 yrs · tax-free |
| NTPC LimitedAAAINE733E07JJ9 | 8.91% | 8.89%Annual | 16 Dec 20337.4 yrs · tax-free |
| NTPC LimitedAAAINE733E07JI1 | 8.73% | 8.69%Annual | 16 Dec 20282.4 yrs · tax-free |
| NTPC LimitedAAAINE733E07JG5 | 8.66% | 8.64%Annual | 16 Dec 20337.4 yrs · tax-free |
| NTPC LimitedAAAINE733E07JL5 | 8.63% | 8.59%Annual | 4 Mar 20292.6 yrs · tax-free |
| NTPC LimitedAAAINE733E07JM3 | 8.61% | 8.59%Annual | 4 Mar 20347.6 yrs · tax-free |
| NTPC LimitedAAAINE733E07JF7 | 8.48% | 8.44%Annual | 16 Dec 20282.4 yrs · tax-free |
| NTPC LimitedAAAINE733E07JW2 | 7.62% | 7.61%Annual | 5 Oct 20359.2 yrs · tax-free |
| NTPC LimitedAAAINE733E07JV4 | 7.53% | 7.52%Annual | 5 Oct 20304.2 yrs · tax-free |
| NTPC LimitedAAAINE733E07JT8 | 7.37% | 7.36%Annual | 5 Oct 20359.2 yrs · tax-free |
| NTPC LimitedAAAINE733E07JS0 | 7.28% | 7.27%Annual | 5 Oct 20304.2 yrs · tax-free |
| National Highways Authority of IndiaAAAINE906B07DF8 | 8.75% | 8.71%Annual | 5 Feb 20292.6 yrs · tax-free |
| National Highways Authority of IndiaAAAINE906B07DE1 | 8.50% | 8.46%Annual | 5 Feb 20292.6 yrs · tax-free |
- Power Finance Corporation LimitedAAAINE134E074638.90%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E074488.75%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E074558.65%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E074308.50%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E073808.44%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E072088.15%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E071417.95%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E075887.59%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E071257.53%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E075627.51%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E075707.34%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E073077.33%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E073237.33%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E073497.31%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E075547.26%Indicative yieldAnnualTax-free
- Power Finance Corporation LimitedAAAINE134E07364Not quotedSee bond pageAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F077288.60%Indicative yieldAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F076948.51%Indicative yieldAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F077028.51%Indicative yieldAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F076458.44%Indicative yieldAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F076608.36%Indicative yieldAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F079007.62%Indicative yieldAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F078847.34%Indicative yieldAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F078017.26%Indicative yieldAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F078197.24%Indicative yieldAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F07538Not quotedSee bond pageAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F07579Not quotedSee bond pageAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F07595Not quotedSee bond pageAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F07686Not quotedSee bond pageAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F07744Not quotedSee bond pageAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F07835Not quotedSee bond pageAnnualTax-free
- Indian Railway Finance Corporation LimitedAAAINE053F07843Not quotedSee bond pageAnnualTax-free
- National Bank for Agriculture and Rural DevelopmentAAAINE261F070327.62%Indicative yieldAnnualTax-free
- National Bank for Agriculture and Rural DevelopmentAAAINE261F070577.34%Indicative yieldAnnualTax-free
- NHPC LimitedAAAINE848E075678.90%Indicative yieldAnnualTax-free
- NHPC LimitedAAAINE848E075598.75%Indicative yieldAnnualTax-free
- NHPC LimitedAAAINE848E075348.66%Indicative yieldAnnualTax-free
- NHPC LimitedAAAINE848E075268.50%Indicative yieldAnnualTax-free
- NTPC LimitedAAAINE733E07JJ98.89%Indicative yieldAnnualTax-free
- NTPC LimitedAAAINE733E07JI18.69%Indicative yieldAnnualTax-free
- NTPC LimitedAAAINE733E07JG58.64%Indicative yieldAnnualTax-free
- NTPC LimitedAAAINE733E07JL58.59%Indicative yieldAnnualTax-free
- NTPC LimitedAAAINE733E07JM38.59%Indicative yieldAnnualTax-free
- NTPC LimitedAAAINE733E07JF78.44%Indicative yieldAnnualTax-free
- NTPC LimitedAAAINE733E07JW27.61%Indicative yieldAnnualTax-free
- NTPC LimitedAAAINE733E07JV47.52%Indicative yieldAnnualTax-free
- NTPC LimitedAAAINE733E07JT87.36%Indicative yieldAnnualTax-free
- NTPC LimitedAAAINE733E07JS07.27%Indicative yieldAnnualTax-free
- National Highways Authority of IndiaAAAINE906B07DF88.71%Indicative yieldAnnualTax-free
- National Highways Authority of IndiaAAAINE906B07DE18.46%Indicative yieldAnnualTax-free
Frequently asked questions
How many tax-free bonds are listed in India?
Our directory lists 365 active tax-free bonds from 116 issuers, based on depository disclosures.
What yields do tax-free bonds offer?
Indicative yields can be computed for 227 of the 365 bonds in this view; they range from 0.00% to 20.86% with a median of 8.65%. These are computed from each bond's disclosed terms at face value, actual traded prices, and therefore actual yields, differ.
What makes a bond tax-free?
Interest on these bonds is exempt from income tax under the provisions they were issued under (mostly older infrastructure issues by public-sector entities). The exemption applies to the coupon: capital gains rules still apply. Check the bond's offer document for the exact basis.
How fresh is this data?
Everything on this page derives from depository disclosures. Figures update when the dataset refreshes, no numbers here are estimated or filled in.